AUDCHFwhat are the odds that this pair will reach those zones. we are a key level. we have a brreak of market structure
CHFAUD trade ideas
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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Thanks For Reading
Team Fortuna
-RC
(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.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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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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Check out other forecasts below too!
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
#
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.
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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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