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Audchfshort

AUDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price reached monthly resistance level that had pushed price down to bearish impulse, faced rejection and started downward move. W > After facing rejection at resistance level price had pulled back and stayed in consolidation for over a month. Price moved up again to retest resistance again and after rejection moved down. We saw an M formation and expected price to move up to test its neck, which piece did. D > Price went up to complete M formation and it can drop to test weekly support. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week. 4H > After testing resistance at neck of M formation price has started making LH and LL as first confirmation of reversal. Pair Correlation > AUDCHF has positive correlation with AUDJPY, NZDCHF, NZDJPY, EURCHF and NZDUSD and strong negative correlation with EURAUD and USDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
1
AUDCHF - SWING - 06. OCTO. 2020Welcome to our weekly trade setup ( AUDCHF )! - 1 HOUR Bearish market open this week. 4 HOUR Expecting more bearish pressure within the week. DAILY Good short entries, prices at small pullback right now.. - FOREX SWING SELL AUDCHF ENTRY LEVEL @ 0.65750 SL @ 0.66120 TP @ 0.65270 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
Short
by DACapitalTrading
31
Forex Trading, AudChf AnalysisForex Trade AudChf Analysis Number 6 4 October 2020 .............................................................................................................................................. We will monitor price action at the marked zone, waiting for the structure to shift from bullish to bearish. Then we will look for a short entry with proper Risk management with a good risk to reward. ............................................................................................... Note : Forex trading is very RISKY, you will lose all your money if not careful with your risk management. USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades.
Short
by lovelove
2
AUDCHF holds below the 0.66 levelPrice previously held above this level and finally broke lower on September 21st. After returning to this level, price attempted to push higher but ultimately closed lower for the past few sessions. Currently not seeing any significant bullish bars being formed so downside momentum expected. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
Short
by FinancialGamblR
1
AUDCHF at resistance, 90 pips short with good Risk/Reward Ratioas you can see my last analysis on this pair worked and price reached the resistance. Now we can short to support with decent R/R. Our stop should be few pips above the shadows of recent candles. Notice that there is a possibility of breaking the resistance and touching the trend line for price so you can wait for candle stick confirmation in lesser time frames but to me couple of doji and a tweezer wich formed recently is enough to short. Please like and let me know if you have any questions, comments or observations, thank you.
Short
by mohsenfx
AUDCHF is waiting for the impulse moveAUDCHF ⚡️ From starting of the year The price felled towards 0.53420 and making a bigger downward impulsive move which is around 20% drop from January 2020.After that the AUDCHF managed to gain most of the loses its earlier incurred. ⚡️ After reaching June high which is 0.67430 the price unable to push further trading in sideways until September 02 afterwards the shifting of momentum happened and price stared to fall again as previous impulse wave ⚡️ On this range Elliot correction wave From A to E has formed And one minor correction waves are formed on the upper side of trend line ⚡️ The price has felled below the lower side of trend line and trading at 0.65000 key psychological level. We can expect a minor rebound retest towards the lower side trend line and will fall towards .236 Fibonacci retracement ⚡️ After the completion of minor Elliot wave correction a micro Elliot wave is underway currently the primary 01 is forming. And the swing target would be around 50% Fibonacci level which is a expected level for the completion of Wave 03. ⚡️The price felled below the 03 Exponential moving average and Ichimoku clouds and cloud turned red and pointing towards south ⚡️ In RSI its under 20 and over bought condition will make some minor upward correction towards lower side trend line Key levels to watch 3 Month high -0.6712 3 Month low - 0.6486 6 Month high - 0.6743 6 Month low - 0.5727 yearly high - 0.6796 yearly low - 0.5342 ----------------------------------------------------------------------------------------------------------------------------------------- Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Short
by forexorbit