Audchfshort
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
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AUDCHF UPDATEprice choose the second path and bearish divergence played well we are down
if we manage to close above demand zone than good else we are going lower retesting 200 ema too.
those who shorted with my call in good profit too . congrats too risk taker
AUD/CHF Wave Analysis
The counter is currently in an ABC correction mode.
It has completed wave B and is sliding down with low momentum.
Further, the entire formation could be interpreted as a bearish flag formation.
Hence, we expect the pair to bearish in the short-term and complete wave C.
AUDCHF A good place to shortAUDCHF is in the bearish trend although it's going to touch the nearest support and then will retest to the top resistance line. Then that will be time to short it.
AUDCHF shortAs you see, the triangle has been broken out to the below...waiting for the price to close above the support line
AUD/CHF sell signalAUD/CHF is unable to overcome the weekly resistance.
Repeated rejections at the weekly resistance weakness.
AUD/CHF may visit the year lows near 0.58 within the
next few months.
So, selling the rallies seems like a good plan. Initial TP can
be set at 0.6450
AUD_CHF STRUCTURE SHORT|TRADING PLAN
big picture
AUD_CHF IN FINAL STAGES OF TRIANGLE TRADING, SUPPORT BREAKOUT EXPECTED
TRADING PLAN:
(1) IF breakout happens>>>
(2) Wait for it to be confirmed>>>
(3) Short on pullback.
(4) Takes on the chart.
IF triangle upper resistance breaks>>> setup invalid-possible long!
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AudChf to break supportAfter a series of lower highs, AudChf is again at 0.66 support zone.
My outlook for this pair is bearish for more than a week now and I expect a bread-down to happen soon.
My target for short trades is 0.65 zone
AudChf- I expect a new leg downAudChf found a clear top in 0.67 zone and after an initial drop to 0.66 the pair confirmed yesterday 0.67 as strong resistance and a steep drop fallowed.
My initial 0.66 target was reached and now the pair is correcting this first leg down.
In my opinion, rallies should be sold for a break of 0.66, which will also confirm that we have a double top in place.
My target for this trade is 0.65 and I will look for an entry with 1:2 R:R
AUDCHF - BEARISH BIASAUD - BEARISH
1️⃣ The risk-off market environment and the broad-based USD strength forced the pair to decline.
2️⃣ US President Donald Trump's comments triggered a new bout of flight-to-safety. Trump said there was a possibility of the US economy decoupling from China and announced that they will prohibit federal contracts to companies that outsource to China.
CHF - BULLISH
1️⃣ Risk tone remains firmly risk-off, expect safe-haven currencies to remain in strong demand.
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TECHNICAL
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- We are looking to short this pair on pivot point level + SBR level + SMA100 area on H1 chart.
- AUDCHF in bearish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-on mode.
AUDCHF Retracement Phase... Short Trading Opportunity!!!I will be looking in the daily chart for AUDCHF movement. As we can see, monthly candle started off with a nice rejection off 0.6694 (yellow area) with a nice BEARISH start to the month. This gives us a outlook of AUDCHF potentially moving back if we see a BEARISH breakout. However, for that to occur, I will be first looking at the 50.0 - 61.8 fib level where I will like to see a strong BEARISH breakthrough followed by it moving back in trend. As of now, I am seeing a good potential for AUDCHF to travel all the way down but do take note of price movement. If we were to see a BULLISH rejection at 50.0 - 61.8 fib level (Red resistance zone), we should adapt accordingly.
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Pullback Short Setup-Broken ascending TL, retest expected
-0.618 fib retracement
-Previous area of S&R
AUDCHF: WHAT IS THE 4H OUR GOING TO DO?Possible short area. Depending on the close of the 4H, we have a more solid sell signal.
AUD/CHF Weekly level Price is at previous weekly high at 0.66024 so we are waiting on valid break and long position or rejection from that level and sell entry with target at the bottom of the range.
AUDCHF short for 130 pipsSimilar setup to AUDCHF, we should see further push down to creat a double bottom beofre deciding further movemnets.
Let me know your thoughts.
Trade safe and good luck.
AUDCHF with an Excellent Day-Trade SELL!We're short on AUDCHF... AUD has been a little weak in the late last week trading session, and is now showing good signs of the weakness continuing.
In terms of our indications, price is bearish (4H).
The pattern we are trading is a bearish continuation ( Wedge)
The risk reward is very solid and the fact that price is rejecting the 61.8% of the fibs is indicating that we can also compound this trade idea.
More on this in our community!
