Audchfshort
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
AUDCHF - Purge & GoI would like to see a strong wick wipe out this minor support so we can bounce from the significant structure to the upside.
The buy limit has been set, now we must sit on our hands.
AUDCHF - Enough is EnoughExpecting AUDCHF to bounce from its daily ATR high points and reverse at the prior order block marked. If we see signs of rejection we can sell it down aggressively as illustrated.
Audchf Reversal Trade Trend is still bulish in D1we expecting now time to reversal 0.67394 is retesting level wait for a retest and possible go up
AUDCHF- Sell Short to Mid Time Entry 📌««««««Notice & Disclaimer»»»»»🔖
⭐️Must Be Follow Money Management. which means Must Be follow maximum 3% risk in your Account Balance.
⭐️When your entry hits the first TP profit, you will try to get out of the market. And if you wait for the another of taking Profit, then you will give your stop loss break even.
then wait for 2nd and 3rd TP.
⭐️All Analysis and Signal Only my opinion using my own Experience and Strategy. so, Trade your own Risk.
Thank you 😊
All Credit Rapid_Trading LTD
Bearish Crab PatternAUDCHF BEARISH CRAB PATTERN
Market Sell Order Set Up.
Sell Entry: (0.68719)
Take-Profit 1: (0.68350)
Take-Profit 2: (0.67968)
Stop-Loss: (0.69100)
Max Risk-Reward: (1.97)
Leave a Like and Comment, I appreciate every support. Goodluck.
Trading Plan #AUDCHF (SHORT)Good day, traders! Don't forget to put your thumbs up and write your comment if you like the idea 🔥
The pair is trading near a key and important resistance zone from where it has never been pulled back, selling from the current or from the 0.6912-0.6834 zone, then lowering the pair to the local level in the 1.2061 area, then the 0.6834 rest zone and further fall of the pair towards the nearest support targets at 0.66524-0.66098
DISCLAIMER:
The author's opinion may not coincide with yours! Keep this in mind and consider your trading transactions before making a trading decision.
Possible SHS forming When we look at the chart we can see that there is a possibility of an shoulder head shoulder formation forming. If we get the break of the neckline we could consider to go short.
Please let me know in the comments what you think of it and share your idea for this pair also.
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AUDCHF Short Head and shoulder pattern formation on H1. Potential sell down to next support when neckline support broken
AUDCHF - Bearish BiasAUD - BEARISH
1️⃣ President-elect Joe Biden said Friday he is assembling a multitrillion-dollar relief package that would boost stimulus payments for Americans to US$2,000, extend unemployment insurance and send billions of dollars in aid to city and state governments.
2️⃣ The AUD was also undermined by resurfacing US-China concerns, this time concerning the Taiwan issue.
CHF - BULLISH
1️⃣ A slight deterioration in the global risk sentiment might undermine demand for the safe-haven Swiss franc.
2️⃣ Investors turned cautious amid worries about the continuous surge in coronavirus cases and the discovery of new variants of the highly contagious disease.
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Technical
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We are selling the AUDCHF below the resistance of 0.68900 + below SMA 50 on the H1 chart.
AUDCHF - Order CollectionI am done fighting AUD because it refuses to die, It is time to join the trend at the order points marked.
AUDCHF: 361.8% Fibonacci Level Tested...BEARISH RetracementPrice level managed to reach 361.8% level. I am expecting resistance level @0.6828 to hold. As of now, I am seeing a retracement opportunity to the support level @0.6782. A rejection or a breakout from there will determine the direction for this pair. A rejection off this support level will show us a BULLISH continuation to test 461.8% level while a breakout could signal a potential movement back to a strong supply zone.
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AUDCHF longPrice may go upto resistance (upper red line) then break the resistance and go up higher till the reward price or will RETEST back to the support zone(lower red line).
Good luck following this pair :)
