Audchfshort
AUDCHF - FOREX - 04. SEPT. 2019Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Market slowing down after new highs been made.
4 HOUR
Sideways moving market structure with several pullbacks.
DAILY
Market faking out a consolidation zone, buyers trap.
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FOREX SETUP
SELL AUDCHF
ENTRY @ 0.66920
SL @ 0.67550 (65 Pips)
TP @ 0.65850 (105 Pips)
RR: 1.70
Use 1%-2% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDCHF 30 Min Short Idea (Risk Reward Ratio = 4)A retracement back into the bearish breaker!
I've placed a limit order at the 0.5 level of the bearish order block.
Target = middle of the consolidation range visible on Daily! (Actually I will exit a bit earlier than that)
My ideas are based on ICT concepts.
Still studying, learning and practicing.
Please share your opinions/comments.
Good trading!
AUDCHF approaching resistance, look out for potential reversal!
AUDCHF is approaching its resistance at 0.66646 where it is could reverse down to its support at 0.65576.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
MY BIAS FOR AUDCHF IS SHORT ... POSSIBLE TRIPLE TOPMy bias is short unless price breaks and retests our triple top level of 0.66830. Only in this instance will I go long upon valid confirmations.
There are 2 possible entries here, shorts will only be taken following the break and retest of 0.66350 or a rejection from the 0.66830 (Triple Top Level).
NO TRADE SHOULD BE TAKEN UNLESS THESE SCENARIOS ARE MET .... DISCIPLINE !!!
Long Term Swing - Ichimoku AUD/CHF Trade SetupThis pair had been stuck in a zone for awhile but is now testing a major price structure support level. This is a pretty straight forward setup where I am looking for a break of price structure support for a chance to swing trade lower. I've set my long term target at major price structure lows you can see on the left side of the screen, but we have lots of levels to aim for as long this bearish trend stays valid. I've drawn out horizontal lines at a lot of these levels that I will use for partial take profit levels to aim for along the way. If we fail to break through this support level or continue on a bearish trend, this setup may become invalidated.