AUDCHFAUDCHF is trading in Bullish trend with no divergence at top secondly at 0.618-0.78 fib support AND At horizontal support and making HL
place buy with risk defined below Last low
AUDCHF trade ideas
AUDCHF - Capture Bullish Opportunity with Anti-Butterfly PatternTrend Analysis:
AUDCHF is currently exhibiting a Bullish trendline on the 4-hour time frame, indicating a favorable upward trajectory in the market sentiment. Additionally, the currency pair adheres to Dow Theory principles, further reinforcing the bullish bias.
Fibonacci Retracement:
A retracement to the 0.786 Fibonacci level has been observed, signaling a temporary pullback within the overarching bullish trend. This retracement was met with upward rejection, indicating robust buying pressure at this level.
Harmonic Pattern:
The AUDCHF pair has formed an Anti-Butterfly Harmonic pattern (XABCD), suggesting a potential reversal and continuation of the bullish momentum. Point D of the pattern serves as a significant turning point, indicating a high probability of a bullish move.
Trade Setup:
Based on the technical analysis, a prudent entry point is near 0.59175, aligning with the anticipated bullish momentum. A stop-loss order should be placed near 0.58852 to mitigate potential downside risk.
Profit Targets:
The first profit target (TP-1) is set at 0.59529, representing a conservative price level where partial profits can be taken. The second profit target (TP-2) is positioned at 0.59862, capturing additional upside potential as the bullish trend unfolds.
Conclusion:
In conclusion, the technical analysis suggests a favorable opportunity for a bullish trade setup in the AUDCHF currency pair. Traders are advised to closely monitor price action around the specified entry, stop loss, and profit target levels to capitalize on the anticipated bullish move effectively. As always, risk management remains paramount in executing successful trades.
AUDCHF [minor:SHORT} then [major: LONG]AUDCHF is in a bearish minor trend, as this is a pullback to the neck line of the triple bottom formed Weekly Timeframe.....
One could go SHORT momentarily to the NECKLINE, from which we go LONG to the UPSIDE!
#RISK MANAGEMENT
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AUDCHF LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
AUD/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are going short on the AUD/CHF with the target of 0.585 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
AUDCHF: Important Breakout & Bearish OutlookWe have observed two significant developments on the AUDCHF chart.
The market has broken through and closed below a strong upward trend line and an important horizontal support level.
These broken structures now form an expanding supply area.
We can expect a further downward movement towards the 0.5828 level.
AUDCHFPrice created a double top and appears to be creating lower highs and lower lows on smaller time frame so we can hopefully see this pair trend down.
AUD/CHF H4 | Falling to 50.0% pullback supportAccount FP - #1080732
AUD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.59273 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.59118 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.59427 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 0.99
Take profit 2 is at 0.59618 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.23
Total risk 1.08%
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
A Bearish Trade on Audchf`A double bottom pattern recognized on AUDCHF with clear divergence on the 4H timeframe indicating the price can break previous lower high and the pair can go in a strong downtrend. Placing ssell stop, stop loss and Take profit 1 & 2 according to the books. Hope we catch good pips on this
AUDCHF On the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction.
On the lower time frames, we signs of a bullish correction forming though we do not yet have a clear confirmation. On the 4 hour,we have internal bullish structure with minor bearish correction. Once we have a clear break, we will go long on this pair targeting the previously mentioned imbalances.
AUDCHF Potential LongPrice Flow Strategy-1hr
FLOW (Daily/4hr): UP
flow (1hr): down
i-Flow: I believe the intention for the upside FLOW is to resume (see chart)
entry (15min/5min): Always set SL.
FX Wars Episode 3 - The revenge of the AUD (vs CHF)As a wise trader once said:
"Trading is a simple game. What makes it so complicated is the presence of the SNB."
In short and simple terms:
I'm buying the AUD against the CHF for a long-term swing trade.
The reasons for this are short and sweet:
- As predicted back in February, Swiss inflation fell below 2% in July.
- As predicted, Swiss inflation fell much faster than the SNB had expected (currently at 1.4%)
- As predicted, the SNB raised interest rates for the last time in June and paused in September
- Tomorrow the SNB will not raise rates, but the market will start to price in possible SNB rate cuts for 2024
- My forecast: 1st rate cut by the SNB in 2024 will be by March or June
- As predicted in this trade idea, the Swiss economy is increasingly weakening and flirting very aggressively with a possible recession, which would seal 2-3 possible rate cuts in 2024
AUD/CHF IS on The Support LineIn the 4-hour time frame, AUDCHF has recently reached both the trend line and the Ichimoku cloud. This confluence suggests a bullish outlook, with potential for further upside movement. The initial target for this upward trend could be around 0.60400.
AUDCHF : BULLISH CONTINUATION- The market has been trading inside a bullish channel since the end of February ; the mid-term bullish.
- The bounce back over the 0.5915 zone has recently ended the very short-term corrective move. Since then, the market registered a bullish acceleration towards its last top at 0.5989.
Both moving averages remains bullish, but the MACD indicator shows a short-term bearish divergence.
- The pair clearly remains in its mid-term bullish trend. Directionality is increasing as the negative correlation between AUD and CHF tends to grow.
However, on the very short-term, it seems that the market is losing its momentum. With that in mind, it is possible that the market will register a limited pull-back, probably towards 0.5967 or 0.5950, before reaching new highs around 0.6011 and 0.6040.
Pierre Veyret, Technical Analyst at ActivTrades
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AUDCHF Potential MoveI've been studying Elliott Wave Analysis and I somewhat understand it. If possible, please provide any advice using this strategy please in the comments sections below. Now, if my analysis is correct then price has complete wave b and will go on to create wave c. I have placed target points below as TP1, 2, & 3. I selected these areas because of my understanding of order blocks. Please comment and lets continue to grow as a community. Be blessed and keep trading.
AUDCHF-Long IdeaPrice has broken out of weekly trend line and has also broken the weekly swing high, will be looking for longs if the price taps bullish zone. Based on just technicals.
AUDCHF BUY Hey traders, this is Rogue_Trader007. I have spotted AUDCHF as a good BUY because it has a strong support level at 0.786 Fib level, which is also a hidden Divergence when combined with 14 period RSI. This makes a great entry as it usually shoot towards the 1.272 Fib level.
Making this a strong BUY.
Enjoy following this idea and remember that patience is key in FOREX.
AUDCHFAUDCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
Bullish MoveIn the 30-minute time frame, AUD/CHF has recently breached a key resistance level. Following a brief pullback, we anticipate a bullish movement towards the target of 0.59880.
AUDCHFGood evening traders!! I hope you all are having a beautiful trading week so far, this is my latest analysis on USDCHF at the week is starting!!
Swing buyPrice is on a bullish trend, the retracement at OB and liquidity sweep is used to confirm entry, additional confluence is pivot point.
