AUDCHF ↘️ Rising wedge pattern analysisHello Everyone 🙋🏽♂️
As we could see at the end of the Ascending channel,
The price isn't crossing the zone 0.58700
and the rising wedge pattern is braked and retested
the price is going down now . be ready
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
Audchfshort
AUDCHFIs AUDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5760 followed by 0.5700.
What you guys think of it
AUDCHFIs AUDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5738.
What you guys think of it ?
Daily Wave Rider - SELL AUDCHFAUDCHF
Channel: RED
WK Pivot: RED
AOB: WP
CON: IB
SELL Stop: 0.5678
Stop Loss: 5711
TP01: 0.55826
TP02: 0.5630
DWR presents as a sell setup on 11SEP, with Channel and Pivot are red bouncing off Weekly pivot.
However, trade is not taken/considered as it differs from our Market Analysis Bias.
SPX500: Up
DXY: Down
OIL: Up
GOLD: Up
Reference to our WK37 analysis, we are anticipating a "Risk-On" sentiments thus will BUY AUD/NZD.
DOUBLE TOP in play on AUDCHFOANDA:AUDCHF wanting to continue it's bearish momentum as a critical resistance at 0.8759 rejected by double top. I entered short here. If we see lows of 2020 the trade would close at 16x gain!
This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always recommended prior to investing or trading.
Bearish Opportunity on AUDCHF - Trend Line & RSI Confirm AUDCHF Trade Idea: Entering a Bearish Position with Clear Risk-Reward Strategy
Hello traders,
I have identified a bearish opportunity in the AUDCHF currency pair on the 4-hour chart, and I'd like to share my trade plan with you. The market sentiment is currently in favor of sellers, with a bearish trend line and no sign of divergence on the Momentum indicator (RSI).
Trade Plan:
Entry Price: 0.58326
Stop-Loss Price: 0.58874
Risk Reward 1:1: 0.5778
Risk Reward 1:2: 0.5723
Amount at Risk: $90 USD
Position Sizing: 0.14 Lots
Trade Rationale:
I'm looking to initiate a sell limit order at 0.58326, as the price action indicates a strong bearish trend in the AUDCHF pair. To manage the potential risk, I've set my stop-loss at 0.58874, which allows for a reasonable risk-reward ratio of 1:1. If the trade goes as planned, the first target for profit-taking is at 0.5778, offering a 1:1 risk-reward ratio. For a potentially bigger gain, I have a secondary target at 0.5723, providing a 1:2 risk-reward ratio.
Risk Management:
Risk management is a crucial aspect of every trade. With this setup, I'm putting $90 USD at risk, which represents a small portion of my trading capital. By limiting my position size to 0.14 Lots, I aim to protect my account from excessive drawdown while still allowing room for potential gains.
Please note that trading involves risks, and the market may not always move as expected. Therefore, it's essential to stay disciplined and follow your trading plan diligently.
Remember, this analysis is not financial advice, and I encourage you to do your research and consider your own risk tolerance before entering any trades. If you decide to follow this trade idea, make sure to manage your positions and risk accordingly.
Happy trading and best of luck!
Disclaimer: This post is for educational and informational purposes only. Trading in the financial markets carries inherent risks, and past performance is not indicative of future results. Always trade responsibly and consult with a qualified financial advisor before making any trading decisions.
AUDCHF showing downside after Inv H&S break downInverse Head and Shoulders has formed over the last few weeks.
Already we have had a breakdown below the neckline. This tells us supply and selling is high and mighty.
We can safely put a stop loss above the handle, as if it breaks above it would enter into a new uptrend.
Other indicators confirm downside.
200>21>7
RSI>50 (Lower highs)
Target 1.5535
AUDCHF - Long active ✅Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price filled the imbalance and rejected from bullish order block.
Like, comment and subscribe to be in touch with my content!
AUDCHF - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate. Pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!