Descending channel AUD/CHFThe descending channel pattern is often a bullish signal for long positions after a breakout confirmed with a retest off the support trendline.
The pattern is followed by lower highs, after an upside penetration of the upper trend line.
The penetration is perfect for going in a short position.
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Best Regards, Reda Souhail™
Audchfshort
AUDCHF - Bearish BiasAUD - Strong Bearish
1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems.
2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis.
3️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month.
CHF - Strong Bullish
1️⃣ Investors are turning to safe-haven currencies amid a negative market environment.
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Technical
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We are selling AUDCHF after it failed to break the resistance level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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AUDCHFHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
AUDCHF with OB view
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profitSday guys
AUDCHF Swing ShortIf you like this idea, like it and follow me for more.
Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h
I've marked out some key supply and demand (S&D) zones, as well as some key levels and a bearish channel. Personally, i think we'll see price react to the downside when it enters the monthly S&D zone as opposed to falling from the channel, but my SL will probably be above the channel just in case.
The first two pink zones below the blue one are my TPs, but i'll close out of most of my positions once price reaches the first one. I'll probably keep on position on in case it falls any further.
Updates to follow, follow me to see them.
AUD/CHF SHORT BUY THEN LONG SELL......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
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AUDCHF SHORTThis pair is right at the trendline of this descending channel, we just tested the 0.67200 resistance and we might start the downtrend again since we are at the 0.618 fib level, we expect the pair to start going down, wait for the 4hr candle to close bearish and you can open your sell positions to continue this trend.