AUDCHF 1HIntraday Bearish Bias: As long as (0.59600) is support, am expecting the price to drop. Target 🎯 at 0.58800
AUDCHF trade ideas
AUDCHF: Double TopAUDCHF is showing double top formation and expected to ready for bearish ride, the confirmation of the trend will trigger the trade.
AUDCHF sell
15m bearish engulfing
15m drop-base-> drop
Expect the price to retrace to 1h uptrend fibb retracement
CADCHF| Shows Bearish Momentum with a Potential Reversal AreaHello there,
CADCHF is bearish at the H1 timeframe, aiming for the 0.58347 area for the drop of WXY leg extension of ABC.
There is an open area at 0.58000 that could potentially influence the price to drop further.
In the Second scenario: The price could potentially reverse, turning bullish due to unclear bearish waves for ABC. They are too steep on the way down.
In this case, the 0.58440 will need a strong momentum to push up and reach the supply area at 0.59382.
Overall, the momentum is currently bearish in H4 and Daily. and monitoring is required. The setup is volatile, spikey, and high-risk.
Happy Trading, until next time...
K.
Bulls Roar Back! Can We Reach 0.59246? 🚀Last week, the AUD/CHF currency pair went down from 0.58300 to 0.57415, showing a bearish trend. On Friday, it dropped from 0.58600 to 0.57415 in just one day, which was a big change. But later that night, it went back up, which means buyers became stronger. This week, I think the pair won't keep going down like last Friday because buyers are showing strength. The price right now is similar to Friday's starting price. I expect it to go up more this week, possibly reaching 0.59246.
AUDCHFMy trade approach to market is ,i focus on the highs and lows of price .AS seen on the charts of AUDCHF on the weekly. timeframe i have identified the highs now we let price do it wave
AUDCHF - Fibo Retracement TradePrice made a pulse to the upside with 3 consecutive candles and made return from Fib (0.318)
Fib (0) is broken, after candle close, I will be looking at a retest on Fib(0) for entry
AUDCHF likely to move downwardsAUDCHF has been in an uptrend and following an upward trendline in H4 for the last two months. It broke out of the trendline, has retested it, and formed bearish candles. It's likely to continue moving downwards in a bearish trend.
AUDCHF: Important Bullish BreakoutAUDCHF is currently in an uptrend, having recently broken and closed above an important intraday horizontal resistance level.
The previously broken resistance has now become a support level, with the price currently retesting this level.
There is potential for the market to continue rising, with the next resistance level being at 0.5930.
AUDCHF: Important Breakout 🇦🇺🇨🇭
AUDCHF broke and closed above a key daily horizontal resistance.
The broken structure turned into support now.
The market may keep growing.
Next resistance - 0.5909
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AUDCHF - Fibo Retracement TradeUp move with all green candles, retracement with red candles. fine retracement on Fib (0.5).
Strategy based, Fib (0.318) retracement is mostly expected, but this one has a perfectly alligned Fib (0.5 retest).
Price broke above Fib (0) and I'm waiting for a retracement on Fib(0) for entry
AUDCHF 4H Analysis: Bearish DivergenceAUDCHF's recent trend exhibits bullish behavior with prices achieving higher highs above the R1 monthly pivot, suggesting strength. However, beneath the surface, signs of caution emerge.
The Commodity Channel Index (CCI) displays lower highs, creating a bearish divergence against the price's higher highs. This divergence hints at weakening upward momentum, urging traders to stay vigilant.
Further signaling a potential shift, the Moving Average Convergence Divergence (MACD) teeters on a bearish crossover . Such a move could forecast a momentum downturn.
Additionally, an untouched monthly pivot at 0.58496 beckons, potentially drawing prices down in a correction.
Compounding the cautious outlook, the Relative Strength Index (RSI) retreats from overbought territory , aligning with indicators suggesting a cooling phase may be on the horizon.
In essence, while the bullish trend above the R1 pivot indicates strength, emerging signals from CCI, MACD, and RSI suggest a momentum shift, with a pullback to 0.58496 as a conceivable target. Traders should monitor these developments closely and adjust strategies accordingly.
Could AUDCHF reverse from here?Price is rising towards a resistance level which is an overlap resistance level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.58668
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.59335
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement
Take profit: 0.57816
Why we like it:
There is a pullback support level
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AUD-CHF Potential Short! Sell!
Hello,Traders!
AUD-CHF is going up now
But the pair will soon hit
A broken support line
Which is a resistance now
And after that I will be expecting
A local move down
Sell!
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Week 17 Analysis (22Apr) + Week 16 ReviewWelcome Fellow Traders!
Tech Analysis for the coming week + review of the current!
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AUDCHF Is Very Bearish! Sell!
Please, check our technical outlook for AUDCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.584.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.581 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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✅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-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!
** AUDCHF Analysis - Listen to video!
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
