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.
Audchfshort
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
AUDCHF - Bearish BiasAUD - BEARISH
1️⃣ Investors turned risk averse as coronavirus lockdowns in Europe and potential US tax hikes hit risk appetite.
CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
2️⃣ The Swiss National Bank (SNB) held its policy rate unchanged at −0.75% in March meeting.
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Technical
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We are selling the AUDCHF at resistance + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
AUDCHF approaching 1st resistance, potential for a reversal!Price is approaching 1st resistance, which is in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal swing high resistance. We could potentially see a reversal at this level and further downside towards our 1st support, which is in line with our 61.8% Fibonacci extension and horizontal swing low support. It is worth noting that price is still holding below the Ichimoku cloud and descending trendline resistance, showing bearish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF - Bearish Bias AUD - BEARISH
1️⃣ Concerns that new pandemic curbs and slow vaccine rollouts in Europe will dampen prospects of a swift economic recovery.
2️⃣ Local 10-year bond yields also eased slightly to 1.743%.
3️⃣ Sentiment was also affected following Western sanctions on China over Xinjiang's abuse, with Beijing hitting back with punitive measures against European lawmakers, diplomats, and families.
CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
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Technical
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We are looking to sell the AUDCHF at SBR + below SMA 50 on the H1 chart.
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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, potential for further downside!AUDCHF is facing bearish pressure from descending trend line resistance. It might pullback from 1st resistance which is in line with 50% Fibonacci retracement and 100% Fibonacci extension . Prices might push down towards the 1st support level which coincides with -68% Fibonacci retracement and 100% Fibonacci extension . If prices increase and break through the descending trendline, prices might push up to 2nd resistance which coincides with 61.8% Fibonacci retracement and 100% Fibonacci extension . Prices is also below the EMA , showing a bearish pressure for prices.
AUDCHF facing bearish pressure, potential for further downside!AUDCHF is facing bearish pressure from descending trend line resistance. It might pullback from 1st resistance which is in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards the 1st support level which coincides with -68% Fibonacci retracement and 100% Fibonacci extension. If prices increase and break through the descending trendline, prices might push up to 2nd resistance which coincides with 61.8% Fibonacci retracement and 100% Fibonacci extension. Prices is also below the EMA, showing a bearish pressure for prices.
Possible Trend Reversal on AUD/CHF?Hi Traders
AUD/CHF (H4 Timeframe)
A medium to high probability, entry to go SHORT is forming @ 0.69940 after the market found resistance @ 0.72270. Only the upward break of 0.72270 would cancel this bearish scenario.
Trade details:
Entry: 0.69940
Stop loss: 0.72270
Take profit 1: 0.68565
Take profit 2: 0.66235
Take profit 3: 0.62437
Score: 7
Strategy: Bearish Trend Reversal
AUD/CHF SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/CHF: Daytrade-Preparation
Market-Sell: 0,71440
Stop-Loss: 0,72050
Point of Risk-Reduction: 0,70950
Take-Profit: 0,69990
Stop-Loss: 61 pips
Risk: 0,5% - 1%
Risk-Reward: 2,45
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Peace and good trades
Irasor
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AUD/CHF SHORT ANALYSIS daily double top area with previous candle showing low momentum (possible downside movement)
4hr ascending channel approach to the double top area with a clean 123 touch
1hr shows a mini double top within the pattern indicating a move to the downside after the first impulse had moved back to the top, anticipating a solid push down below the strucutre and a flag for continuation to enter
AUDCHF short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX