Audchfshort
AUDCHF - SWING - 09. DECE. 2020Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bearish turnaround after closing above main sr level.
4 HOUR
Very bullish market structure and price action..
DAILY
Expecting another push to previous highs and resistance level!
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FOREX SWING
BUY AUDCHF
ENTRY LEVEL @ 0.90230
SL @ 0.90760
TP @ 0.89470
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDCHF showing a strong resisitive downtrend.Decided to take the wave analyzer sell entry confirmation/signal after marking up the chart for support and resistance. Will be monitoring the 20 EMA throughout the day to trail my stop loss.
If anyone has any questions about the entry and exit indicators feel free to direct message me.
AUD/CHF Wave Analysis
The counter has been in a 5-wave bull cycle.
Now, it is in the wave 4 phase which results in a bearish correction.
Hence, we expect the pair to be bearish in the near-term.
AUDCHF is approaching resistance, potential for further drop!Price is facing bearish pressure from our first resistance, in line with our horizontal swing high resistance and 61.8% Fibonacci extension, where price could drop from this level towards our first support, which is in line with our horizontal overlap support, 61.8% Fibonacci retracement and 100% Fibonacci extension. It is worth noting that RSI is testing the resistance level at 61.77.
Respected Daily trend line and bulls lose control.As you can see, the daily trendline was restpected well for the third time creating multiple tops and rejection. also we broke our 4HR trendline. bulls are losing control and bears are taking over.
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I wish everyone a great trading week!
AUDCHF Possible shortsWe be looking for a little pullback into previous structures or a continuation pattern to go short on this pair.
AUDCHF - SWING - 18. NOVE. 2020Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bullish reaction after closing below main sr level.
4 HOUR
Expecting this price action to be a fake out.
DAILY
Overall looking bearish for me right now.
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FOREX SWING
SELL AUDCHF
ENTRY LEVEL @ 0.66640
SL @ 0.66920
TP @ 0.65460
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
SELL SELL SELLHello Team, WE HAVE A DOUBLE TOP FORMATION. IF YOU MISSED THE FIRST ENTRY AT THE SECOND LEG OF THE M.
i would advice you wait for the break and retest.
AUDCHF SHORTThe price is currently at a key level on the daily. I have also spotted a hidden bearish divergence on the daily + double top bearish divergence on the 4hr chart. I have taken a short position at 0.66639, looking for a continuation short after this pullback.
AUDCHF ShortOPEC Meetings today so i'm careful. 0,5% risk and stop loss to breakeven as soon as possible again.
AUDCHF short trade ideaPlan: trendline and support level breakout --> 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
