Audchfshort
⁉️ AUDCHF - Market AnalysisHello traders!
⁉️This is my analysis on AUDCHF.
Here we are in a range for couple of weeks, so we have 2 opportunities, if price breaks the resistance zone I will wait for a re-test before opening a long position. The second opportunity is for short if price rejects from resistance + institutional big figure 0.67000.
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AUDCHF Looking for a pullback to go short for the week of 08 AugThe fact that this pair is bearish should be evident. The 0.6700 area has been a solid resistance holding price 12 times in the last 30 days. The 50ema adds confluence to this bearish cloud that hangs above this region. Now, price could move straight down when market opens on Monday, but I am hoping that the bulls will make 1 more attempt. If that happens, it will provide a great location to take a short.
Even with a generous stop, we can get a 3.7R trade with target located above the next support in the 0.6520 region.
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AUDCHF is in sell zone!!AUDCHF has created a daily bearish engulfing pattern early today. Now on 4H, we have seen price created another bearish engulfer with a false breakout at the top, there is a high probability that this instrument will continue to drop.
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AUDCHF Fibonacci ShortThis week, the AUD/CHF has been a key mover and shaker. At press time, this pair is drawing near a key resistance zone:
Resistance(1): Weekly 38% Retracement, 0.6714
Resistance(2): Monthly 38% Retracement, 0.6732
Here's the trade:
1) Sell @ 0.6714
2) Stop loss @ 0.6779
3) Profit target @ 0.6584, 1:2 risk vs reward ratio
This is a short-term position trade. It may take some time to resolve once it goes live.
AUDCHFHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
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AUDCHF BUY 0.65836
SL 0.65084 (75 Pips)
TP 0.68730 (289 Pips)
Intra-Day Trade