✅AUD_CHF BEARISH SETUP|SHORT🔥
✅AUD_CHF broke the rising
Support then went up to
Retest it so I think that
We will be seeing a
Local bearish move down
SHORT🔥
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AUDCHF trade ideas
AUDCHF-Beasrish Trend continuesThe pair is in Downtrend making LL and LH. The pair made a sharp dip after breaking LL and bouncing back again and almost at complete retracement. A short entry can be placed at fib level of 0.786.
AUD/CHF - Bearish Outlook Near Key ResistanceOverview:
The AUD/CHF currency pair is currently encountering a significant resistance area, coinciding with the formation of an XABCD harmonic pattern. This convergence suggests a potential bearish movement in the near future.
Entry Point:
Consider initiating a short position near the level of 0.59700. This entry point aligns with the technical resistance and the anticipated bearish momentum.
Stop Loss:
Place a stop loss order at approximately 0.59962 to mitigate potential losses in case of a reversal or unexpected market volatility.
Take Profit Levels:
1. TP-1: Set the first take profit target at 0.59462 to capture initial downward movement and secure profits.
2. TP-2: Aim for the second take profit level at 0.59220 to capitalize on further bearish momentum.
3. TP-3: The third take profit target is located at 0.58970, reflecting a deeper potential decline in price.
Risk Management:
It is essential to adhere to proper risk management principles, ensuring that the risk-to-reward ratio is favorable for each trade. Adjust position sizes accordingly to align with individual risk tolerance and overall trading strategy.
Market Monitoring:
Continue to monitor the AUD/CHF pair closely for any signs of reversal or deviation from the anticipated bearish trajectory. Adjust stop loss and take profit levels accordingly as the trade progresses.
Conclusion:
Based on the technical analysis and the identified resistance area along with the XABCD harmonic pattern formation, a bearish outlook is favored for the AUD/CHF currency pair. Exercise prudence and discipline in executing the trade plan outlined above, while remaining vigilant to market dynamics and potential developments.
AUDCHF - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level + institutional big figure 0.59000.
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AUDCHF I Triple bottom and potential bullish continuation Welcome back! Let me know your thoughts in the comments!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDCHFwhat are the odds that this pair will reach those zones. we are a key level. we have a brreak of market structure
AUDCHF - Potential Bullish OpportunityThe AUD/CHF currency pair has recently exhibited notable price action, presenting an opportunity for technical analysis. Employing harmonic pattern recognition and key support levels, this report aims to outline potential bullish movements and associated trade parameters.
Harmonic Pattern Formation:
A Harmonic Pattern (XABCD) has emerged within the AUD/CHF pair, signaling a potential reversal from the prevailing bearish sentiment. This pattern, identified at a crucial support area, suggests an imminent bullish trajectory.
Key Support Area:
The formation of the Harmonic Pattern coincides with a significant support level, adding credence to the potential bullish outlook. This confluence strengthens the likelihood of a reversal and subsequent upward movement in price.
Technical Entry Strategy:
Entry: Consider initiating a long position near 0.58778, strategically positioned to capitalize on the anticipated bullish momentum.
Stop Loss: Implement a stop loss order at approximately 0.58274 to mitigate potential downside risk and preserve capital in the event of adverse price movements.
Profit Targets:
Target 1 (TP-1): Set the initial profit target at 0.59293, aligning with the expected bullish move following confirmation of the pattern.
Target 2 (TP-2): Establish a secondary profit target at 0.59794, aiming to capitalize further on the anticipated upward price trajectory.
Trade Management:
As with any trade, it is essential to remain vigilant and adapt to evolving market conditions. Monitor price action closely, particularly the breakout of the bearish 4-hour trendline, as confirmation of this breakout will validate the bullish bias and support trade execution.
Conclusion:
In summary, the AUD/CHF currency pair presents a compelling opportunity for bullish movement, supported by the formation of a Harmonic Pattern at a key support area. By adhering to the specified entry, stop loss, and profit target levels, traders can effectively capitalize on the anticipated upward price momentum while managing risk appropriately.
*Note: Trading involves inherent risks, and it is recommended to conduct thorough analysis and exercise prudent risk management strategies.*
Bullish Harmonic PatternFormation of a bullish harmonic pattern,
clearly indicating a bullish move in the future
a breakout of my current minor resistance (with retest)
will be my confirmation
Long AUD/CHFIn day time frame, the AUD/CHF is showing divergency in RSI. SlowStoch and RSI are both in over sold level and turned with same timing.
The price is moved out from a middle term down trend line, and it is supported by previous Triangle pattern bottom line level. It is not bad to try long based on the patterns.
AUD/CHF short to 0.56(4/16/2024)Today after China's economic data, the Market is betting dovish on AUD.
We believe the price has made an ABC correction and it likely started the next downward impulse wave Confirmed by a broken trendline.
Our technical view has been shown in the chart.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
LONG AUDCHFLows got taken out
Liquidity grab all over the place
H4 structure still intact (H4 low = pivot point)
Target / SL as indicated
6:1 RR
Trade safely!
AUDCHF Bearish Breakout! AUD-CHF was trading along
The rising support line but
Now we are seeing a
Bearish breakout and the
Breakout is confirmed so
I think that we will see
A further move down !
AUDCHFAUDCHF is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
AUDCHF / Long Trade Signal ✅💡Hello Traders!
This is my idea for AUDCHF. I expect a bull run until the resistance level at the price of 0.59400.
The price reacts perfectly from the supply zone, and I see the bullish candle as a confirmation of a long trade opportunity.
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AUDCHF Short Term Sell IdeaH1 - Bearish trend pattern.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AUD/CHF 4HR // 16 April 2024 AnalysisAUD/CHF has an uptrend on the 4HR timeframe as we can see here. It has touched, lets see how it reacts to it and the support level around the 0.58500 area marked.
Potential buys if we get a good bouce off of that level.
AUDCHF - 1H - Long PositionIn this chart we have observed a Bearish Continuation pattern making LH & LL . But there is Bullish Divergence spotted which give us the signal of potential reversal towards bullish trend. So we have placed entry point above the LH level as it breaks we take an entry and we put SL & TP accordingly.
Achf to watch for shorting it...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking to short Achf, chf crosses looks like they are turning...watching.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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AUD-CHF Support Ahead! Buy!
Hello,Traders!
AUD-CHF keeps falling but
The pair will soon retest
A horizontal support level
Of 0.595 from where we
Will be expecting a local
Bullish rebound
Buy!
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AUDCHF - trading session no.12tried something new today... maybe I hould be more flexible with the SL and most importantly with the TP
I also should add a bit more discretion into this approach but well well I dont expect overnight success
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 - 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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