AUDCHF is BullishBulls seem to gain control of the price action after bullish divergence appeared and is now playing out on hourly time frame. First higher high is printed successfully, and now the price seems to have defined a higher low, which means that new highs can be expected from here. Targets are mentioned on the chart.
AUDCHF trade ideas
AUDCHF intraday long ideaAUDCHF is currently in an uptrend and formed a nice descending wedge pattern. For my entry it will be at the fib level/support level or when it breaksout from the pattern whichever comes first. Currently there are no rsi divergences to support a long at this point yet and im expecting price to go lower before the breakout.
AUDCHF SELL IDEAGoing to sell AUDCHF targeting 0.59285. Price may go lower than that but that is my target for now.
Many resistant area's at and above where it is at. Lets stay patient...Usually these hit within 24 hours but can take up to a week (very rarely longer than that).
Keep an eye for any additional insight I may post.
AUDCHF BUY The market is currently testing the current 0.5 Fib structure which is forming a pattern on the daily TF. Based on price action , the market is showing signs of bulls on the 4HR TF.
We could see buyers coming in strong should the current level hold at the 0.5 FIB Level
Disclaimer:
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AUDCHF giving technical sell direction, 2hrAUDCHF has been in an uptrend since February and has been buying ever since. The market changed direction with a double top showing that the sellers have the momentum.
The market sold to 1.59070 which is a strong support and formed an ascending triangle to break the resistance of our uptrend to form a downtrend. The market then came back to retest the support in 1.5907 giving us a double confirmation that the market is selling.
AUDCHF ShortPrice Action Trading
Daily Bias Bearish
H4 Bearish: There was a consolidation formed and breakout happened towards the downside. With fundamentals supporting double currency direction.
In H1 TF, I have set a short trade at the broken trendline with the resistance level targeting the next week low with R:R 1:5.
Lingrid | AUDCHF bearish MOMENTUM. ShortThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCHF market has made a significant breakthrough, piercing through the previously established range zone and key level at 0.6000 after forming a double top at the resistance zone. This price action has sent the market towards the lower border of the upward channel. As a result, I anticipate a pullback to the resistance zone and the downward trendline before the trend continues in its new direction. I expect the price to absorb liquidity above the highs and then begin a downward movement, as the daily timeframe has shifted to a bearish trend. My goal is to support at 0.58800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ๐ฉโ๐ป
AUDCHF: Bearish Outlook Explained ๐ฆ๐บ๐จ๐ญ
On the today's live stream, we discussed AUDCHF.
The pair broke a solid horizontal daily demand zone yesterday.
It turned into a supply area.
Taking into consideration that the market is under a strong bearish
pressure for 3 weeks, we may see a downward movement again.
Next support - 0.5875
โค๏ธPlease, support my work with like, thank you!โค๏ธ
AUDCHF Bottom of Channel Up. Buy opportunity.The AUDCHF pair gave us a solid sell signal last time (April 05, see chart below) but then broke above and established a Channel Up:
The price is now at the bottom (Higher Lows trend-line) of that Channel Up, below the 1D MA50 (blue trend-line), calling for a short-term buy amidst the start of the next Bullish Leg. On top of that, the RSI is approaching its 1-year Support Zone, which every time it was touched, the price rallied by at least +4.50%.
As a result, we remain bullish as long as the 1D MA200 (orange trend-line) is intact and attempt a first buy now, targeting 0.61750 (+4.50%).
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AUDCHF - Wait For The Next Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ AUDCHF has been overall bullish, trading within the rising wedge in blue.
Currently, AUDCHF is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong support zone marked in green.
๐น Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower blue trendline acting as a non-horizontal support.
๐ As per my trading style:
As #AUDCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich