Audchfshort
AUDCHF Channel Break , UpdateHello Fellow Traders, Here is a Full Analysis on AUDCHF.
i have linked my Previous AUDCHF Analysis for you review down Below :)
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
7.Show some support Below ( Like , Comment , Follow & share )
Let Me know if you have any Questions or Comments Below
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education
AUDCHF: SHORT idea on this PULLBACK (Signal)Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/CHF
⚪ Technical Analysis :
Since the beginning of December 2020, the price has been following a strong ascending channel, bouncing many times on its dynamic S/R lines.
On the 14th of January 2021, it reached an important resistance zone at about 0.69000, getting a strong rejection and failing its following attempt to break it.
Just few days ago, the price broke the ascending channel and yesterday it retested the same level without break it.
🔴 Conclusion :
In the daily and weekly perspective I can properly see that the price reached an important zone that rejected the price many times, so I'm confident to see a clear trend correction and I'll be waiting for the breakout of the level 0.68200 before planning my short position on this trade.
Once I'll open my trade, my SL would be at about 0.68500 and my TP on the next support zone at about 0.67450.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDCHF: Possible intraday trade for tomorrowHi Traders,
This is our view on this cross for the next few days.
#AUDCHF
SELL 0.6865
SL 0.69
TP 0.68
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
AUDCHF an awesome short opportunity.. 18 Jan and beyond.The area marked (between 0.6930 and 0.6840) has been a strong support zone since Oct 2008. In July 2019 it became resistance and has held that role multiple times since then. As my weekly chart shows, price got to this level 2 weeks ago but last week it stalled here and we see a doji formation (indecision). I expect this resistance to hold and bearish PA to follow in the coming week.
I will enter a short below the low of last week candle with stop above its high. My initial target will be just above 0.6600 level with potential to go much lower. This is a weekly trade and patience is essential to see it through.
However, a break above the high of the indecision candle will negate my analysis.
If you like my analysis, please give it a “thumbs up“ and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.
AUDCHF: Is the price breaking through its MAIN CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/CHF
⚪ Technical Analysis :
In the weekly time frame, since March 2020, the price has been following a strong uptrend, bouncing for the first time on its dynamic support at the beginning of November 2020.
It has currently reached an important and strong S/R zone at about 0.68384, level that rejected the price many times in the past.
In the daily time frame, at the beginning of December 2020, a strong positive impulse moved the price up until the resistance zone at about 0.68911, getting a rejection once it reached that level.
In the h4 time frame, the price is clearly following an ascending channel, few days ago it reached and bounced on its dynamic resistance and now is approaching to retest its dynamic support. The next price action will be essential to understand the next market movement.
🔴 Conclusion :
I think the price reached a really interesting area and I'm confident to see it falling down, breaking through its dynamic support level, trying to reach the main weekly trendline and eventually the main weekly S/R zone.
I'll be waiting the breakout of the level 0.68265 before planning any short position.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDCHF BEARS COMMING`As we can see AUD against CHF standing near its Neckline and support. So we can imagine an H&S pattern and 3 times HIGHER HIGH and divergence in between PRICE AND RSI.
1st view. If we enter in 2nd shoulder so our SL can be 0.68868. But we are suggesting to use SL little big so we can follow both view.
2nd view. If we expect an other high so we will follow 2nd view risk reward ratio with smalest SL and biggest TP