AUDCHF BUYD1 Chart. W/ BULLISH BUTTERFLY & PARALLEL CHANNELL
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Audchfshort
forex | AUDCHF| head and shoulders patternfull multi-timeframe analysis - don't miss this opportunity for selling
AUDCHF Expecting a Small DowntrendWe have found out that AUDCHF recent breakout the bearish flag and started the journey downside.
AUDCHF - Upside PushA strong upside move is likely from this region or the order block planted below it. I may consider a buy limit shortly to target some of the previous high points.
What do you think of this setup?
AUDCHF - Bearish BiasAUD - BEARISH
1️⃣ The risk-averse market environment could pressured the AUD.
CHF - BULLISH
1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots.
2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe.
3️⃣ Risk-off the supported the safe-haven CHF.
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Technical
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- We are selling the AUDCHF at SBR on M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
AUDCHF facing bearish pressure, potential for more downside!Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, potential for bounce.
Week setupp for AUDCHFThe weekly and the monlty time frame shows us that this market needs to make a retescment soon. There for, right now the retecment can be in this oppornunity.
AUDCHF facing bearish pressure, potential for further downside!Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement. If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
AUDCHF facing bearish pressure | 12th Apr 2021Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement . If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension . EMA is also above prices, showing a bearish pressure for prices.
AUDCHF facing bearish pressure | 12th Apr 2021Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement. If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
AUDCHF Trade AnalysisAUDCHF is currently in a downtrend, market pullback with Engulfing Candle formed. Entered @close of the candle.
First TP Level target achieved!
Stop Loss @Breakeven
AUDCHF TP1 & TP2 HIT FOR A TOTAL OF +95 PIPS!!Hi guys, hope you all had a good bank holiday, we came into this wee with a few pairs lining up nicely. The first trade which was entered on Tuesday melted straight towards our TP1 for 30 pips and then continued to melt all the way to our final TP2 for a further 65 pips. Altogether we achieved a massive +95 pips within the first trading day of this week and have continued to smash our profit levels on further trades throughout the week. Keep your eyes pealed for the next few analysis which has led us to achieve massive capital gains!
Happy Thursday everyone, have a great day.
AUDCHF - SWING - 01. APR. 2021Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bearish market structure.
4 HOUR
Strong break and pressure below main sr level.
DAILY
Overall good market structure for short positions!
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FOREX SWING
SELL AUDCHF
ENTRY LEVEL @ 0.71520
SL @ 0.71860
TP @ 0.71000
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
