Audchfshort
AUDCHF another chance . risk $100 profit $1000Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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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.
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AUDCHF selling pressure builds up0.6365 marks a key level. Price surged above this level twice and then quickly reversed. We're clearly seeing selling volume as price is testing what's considered as both the 1-hour and 4-hour resistance.
At the same time, price is also failing to make significant highs. This entry is based on on the weak buying pressure that consists of a pull back after a bearish move.
AUDCHF short trade ideaPlan: wait for the price to bounce off from trendline or 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 like i do, please write it in comment so we can manage the trade together.
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GWBFX
Short AUDCHF on 4H If price breaks below 0.63379OANDA:AUDCHF Looking to sell if price breaks below 0.63379 level, as RSI is also showing weakness in strength so I am hoping it goes down from here onwards. If my prediction gets right, I will be taking intermediate profits and keep moving my stop loss downwards by securing my profits.
AUDCHF H1 ANALYSISHello traders, we currently have a short setup for AUDCHF on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
AUDCHF - H&S update - 2nd Shoulder seems to be forming on the 1HEarlier today I mentioned a possible Head and Shoulders, difference is, I was hoping for a touch at the 61% fib, it seems we are about to reverse movement.
I am now watching for a sell entry. If I fail to entry here, I'll keep my eyes open on the neckline, chances are that we get a fakeout first and then the drop below the neck.