Audchfshort
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
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.
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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: 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 - Bearish BiasAUD - BEARISH
1️⃣ Heightened US-China tensions hit risk sentiment, following news that President Donald Trump is set to add around 80 more Chinese companies and their affiliates to the Commerce Department’s Entity List.
2️⃣ Market participants also digested news that the US FDA is expected to grant emergency use authorization for Moderna's virus vaccine on Friday after a panel of external advisers endorsed the company's vaccine candidate.
3️⃣ Negative sentiment weighing on the AUD.
CHF - BULLISH
1️⃣ The risk-off tone boosted the safe-havens like the CHF.
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Technical
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We are selling the AUDCHF below SBR + below SMA 50 on the H1 chart.
AUDCHF ShortThis is AUDCHF for a short.
China and Australian trade war brought fear to Australian market.
What we know is that China put tarrif on australian wines, bailey and stop delivery from theor shore of beef and Coal.
This action brought the Iron Ore price higher and China.
However Iron ore price cannot go up more and more as the demand will surely fall.
therefore AUD will fall and CHF is a nice currency known for being a "Safe Heavens"