Audchfshort
AUDCHF SHORTHello guys,
In this video i show my breakdown of AUDCHF .I intentionally picked this pair because one currency has extreme weakness and the other is a safe haven currency.We know that the AUD a commodity currency will continue to see weakness until the Chinese economy rebounds and i am hoping to capitalize on it.The AUD central bank said in their last statement they expect continued weakness in their economy until the virus effects are controlled.This in addition to the fact that with global chaos people take their money to safe havens, an appreciation of chf will will likely melt AUD this week. and since as fundamental(value)traders we follow smart money, i believe this is a safe trade with high return since we are basically piggy backing off what smart money is doing.
AUDCHF.The price is approaching the level of support.Hi subscribers!
This chart shows how the price is influenced by the downtrend.
The price went down sharply while reaching the support level a couple of times.
This level is the target, which is at around 0.64700.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
AUDCHF active sales zone.Hi subscribers.
Now there is an active sale of currency.
because it is assumed that the price will go further lower on the Australian dollar.
the price must first reach 1 target, if later it reaches 2.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
Trading Pathways Analysis of AUDCHF H4 Chart
The outlined white arrow pathway is the predicted pathway that the AUDCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at the exact turning points where AUDCHF will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
AUDCHF sell on H3Plan : wait for prices to bounce off horizontal / trendline resistance --> 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.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX