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Swiss Franc/Australian Dollar

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CHFAUD trade ideas

AUDCHF - Looking for breakout to the upsideThis setup is textbook if the triangle is a normal one. I have not encountered Expanding Triangle as an ending, but the structure looks good for an up move and breakout of the bottom range that has been holding for several months. This looks like a complex structure, but if you don’t anticipate and just pick it up when it is complete, then it becomes simpler. The correction is a double three comprising of “Zigzag” + “X” + “Triangle”, and triangles are always last before any corrections are done. Invalidation below 0.5614. Good luck for the week.
Long
by QuercusTrading
1
AUDCHF SELLAUDCHF is currently descending from the lower high area of the channel, visible in both the 4-hour and daily charts. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 💡 Trading Strategy: This trade is grounded in a mix of technical analysis and candlestick patterns. It's a long-term position, so ensure ample margin to manage market fluctuations. Employ proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert. 3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity. 📣 Like and Share for More Insights! 🔄✨
Short
by Pro-Trading-Africa
AUDCHF Triangle waiting for the break-out.The AUDCHF pair is trading within a Triangle pattern since August with the 1D MA200 (orange trend-line) acting as the Resistance, having consecutive near rejections in December. If that breaks, we expect an aggressive bullish run towards Resistance 2, despite the presence of Resistance (0.952625). In that case, we will buy the break-out and target 0.61500 (just below Resistance 2). If however the Triangle breaks downwards first, we will wait until the price breaks below Support 1 (0.560685) and target 0.54000 (-9.09% from the recent high, which was a standard decline in 2023). This scenario is quite likely to take place as the 1D RSI has been trading within a Channel Down, showcasing a Bearish Divergence. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Short in AUDCHF "I have recently entered a short position in AUD/CHF as the price has touched a significant supply zone. After conducting a comprehensive analysis of the market, I have identified this zone as a critical level of resistance where selling pressure is anticipated to increase, potentially leading to a decline in the Australian Dollar against the Canadian Dollar. This trading decision is based on the expectation that the price of AUD/CHF will decrease as supply exceeds demand in this zone. Additionally, I have identified several bearish indicators that support my rationale for going short. As a diligent trader, I will closely monitor price action, market sentiment, and relevant economic factors to effectively manage my position and make necessary adjustments as the trade progresses. Implementing a robust risk management strategy is paramount to safeguarding my capital and maximizing potential profits. It is important to note that trading AUD/CHF or any other financial instrument carries inherent risks, and careful consideration is essential. I highly recommend conducting thorough research, developing a sound risk management plan, and, if needed, seeking guidance from a qualified financial professional before making any investment decisions."
Short
by JuanHernandez