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.
Audchfshort
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!
AUDCHF - BEARISH BIASAUD - BEARISH
1️⃣ Australia’s central bank chief Phillip Lowe also noted that economic growth is unlikely to lift until the final three months of this year, with Victoria’s renewed lockdown to contain its Covid-19 outbreak “broadly offsetting” the recovery that’s been unfolding elsewhere.
2️⃣ The market mood remains cautious amid coronavirus concerns, US fiscal impasse and ahead of US-China trade talks.
CHF - BULLISH
1️⃣ The risk-averse market environment seems to be helping the CHF stay resilient against its rivals as a safe-haven.
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TECHNICAL
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- We look to short AUDCHF on SBR level + SMA50 area.
- AUDCHF in bearish zone.
AUDCHF Trading opportunityHey everyone, I hope that you've been studying the markets, and preparing for the upcoming trading week. Right now I have a short t.a that you can take if you want. I am not going to, since the R:R is just slightly out of what I would want to risk.
Elliotwave analysis:
Hey guys, so right now, we are seeing what looks to be a leading diagonal. I hope you have all brushed up on what this means correction wise--- It means that we are going to see a sharp and deep correction. As a result, the first target is the 0.618, but don't be suprised if we see the 0.8 range. Leading diagonals show us that the bearish momentum is still in effect, but it is a good sign that the larger trend is changing. The stop loss for this trade would be 0.65252, or above the most recent high.
Moving average analysis: Hmm, nothing seems to stand out to me on the moving average of multiple time frames. On the 30 minute, we have bounced off of the 200 ema, and on the 2 hour we have bounced off of the 55 ema, but I don't think this is pretty important because on the 1 hour and the 45 we are also being supported quite well, so the picture being painted by the moving average is very neutral.
RSI analysis: This is where things get spicy, as I like to say. On the higher time frames, (though not really that high), such as the 1 hour and the 45 minute, we can see very minor bearish divergence. On the smaller timeframes, such as the 30 minute, we can see that there is a hard rejection of the rsi resistance and some bearish divergence. Finally, on the 15 minute time frame, we can see that the rsi has broken downwards, out of a triangle, which is a huge sign that we are headed down.
MACD analysis: On the 15 minute, we are seeing huge bearish divergence. We have peaked twice on the mad and have just started crossing downwards. On top of that, we have also see bearish divergence on the histogram.
On the one hour we can see that we are struggling to break through the zero line, which shows that a reversal might be happening, and this supports my idea that we are headed back downwards.
All in all, a pretty good case can be built, supporting the idea that this pair is headed downwards. The stop loss is 0.62525 and the target is 0.65055.
All the best, and enjoy your sunday.
