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Swissfranc

AUDCHF Neutral medium-term, 0.7465 long-term.The AUDCHF pair is currently holding the 1D MA50 (blue trend-line) as Support and in a similar sequence as the June - September 2020 pattern, it may turn sideways on the medium-term and consolidate. However, since the 0.618 Fibonacci retracement level has been broken, most likely it will maintain the bullish trend on the long-term. The next 1D MA200 (orange trend-line) contact, will most likely be the long-term buy signal. Our target is the 1.236 Fibonacci extension around 0.7465. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
4
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
Short
by NicoBeau_Capital
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!❤️
Short
by VasilyTrader
5