Swissfranc
AUDCHF: A Month Long Horizontal Channel is BrokenAUDCHF has been ranging in a horizontal channel (0.6900 ~ 0.7080) since last month. This week, the price has broken the range to the downside, accomodated by a strong bearish impulse. Now the price is forming a bearish flag, which gives us a great opportunity to short the bearish continuation.
Entry Criteria:
First, we will wait for a breakout to the downside from the bearish flag. We will then enter sell positions on retest of the lower flag trend line . Very simple and straightforward sell setups
AUDCHF: Your Trading Plan For Today 🇦🇺🇨🇭
Hey traders,
AUDCHF formed a huge head and shoulders pattern on a daily.
This week its horizontal neckline was broken, now we see its retest.
To short with a confirmation, I am currently monitoring a triple top pattern on 1H.
We need an hourly candle close below its neckline to confirm a bearish continuation.
Only then I will short on a retest.
Initial target will be 0.683
If the price sets a new higher high on 1H, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
✅EUR_CHF LONG FROM SUPPORT🚀
✅EUR_CHF will be retesting a support level soon
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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✅GBP_CHF WAIT FOR BREAKOUT|SHORT🔥
✅GBP_CHF is going down currently
As the pair is about to brake the key structure level
Which will be a resistance, and after the pullback
And retest, I think the price will go further down
But we need to wait for the breakout
SHORT🔥
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GBP-CHF Wait For Reversal! Buy!
Hello,Traders!
GBP-CHF is retesting a very strong key level
Yet the Pound is ultra weak across all the pairs basket
Thus I consider this to be a risky setup
And I think one needs to wait
For some green rebound shoots to appear
Before going long on the pair
Buy!
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USD/CHF -24/4/2022-• High demand for safe haven dollar pushed the pair significantly up
• Bulls got a successful breakout from the triangle to the upside
• They were also able to push the pair past the double top/resistance level at 0.94750
• Measuring distance between lowest/highest point of the triangle and projecting it from the breakout point, takes the USD/CHF towards parity.
• First resistance is met at 0.99 followed by parity level
CAD-CHF Bullish Bias! Buy!
Hello,Traders!
CAD-CHF broke a key horizontal level and went up
Just as I predicted in my previous analysis
And the broken level turned into a support
Which will soon be retested by the pair
So I think that the price will go up
After the retest of the support
With the target of retesting the local resistance above
Buy!
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GBPCHF Rejection on the 1D MA200. 1-month downtrend ahead.The GBPCHF pair got rejected yesterday on the 1D MA200 (orange trend-line) and today is on the strongest recent red 1D candle that is about to test the 1D MA50 (blue trend-line) as a Support.
Basically, the Bearish Megaphone pattern I presented more than two months ago is still intact, hitting all targets:
As you see, the price hasn't yet broken above the Lower Highs trend-line of the pattern and the new rejection on the 1D MA200 serves as the latest Lower High. A break below the 1D MA50 and potentially subsequent Lower Highs on the 1D RSI, should serve as confirmation of a test of the 1.21000 Support. That is our short-term target. Based on the previous Lower Low sequence, we can even see an extension towards the 2.0 Fibonacci level. That is currently at 1.1950.
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