CHFAUD trade ideas
DeGRAM | AUDCHF breakout and pullback AUDCHF broke and closed above the descending channel.
The market is in a bearish trend on the 4-hourly chart as well as on the daily.
Price has created the confluence level where we have resistance 88.6% fibo level and bearish harmonic pattern.
We expect a false breakout of the resistance and a pullback.
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AUDCHF makes bullish trendAUDCHF makes bullish trend and we can that audchf makes higher high and higher low it potentially looking to go in long side that's why i am taking long entry.
What do you think?
AUDCHF - 1h - LONG POSITION - DOW THEORYIn this chart you see that the definition of DOW THEORY is practically speaking by series of HH & HL. With this continuity there is no sign of trend reversal and considering a decent SL & TP we can take a trade.
AUD/CHF SellThe markert has completed an expanding flat correction and therefore wave C is expected. the AUD is very bearish and will be for months to come.
AUDCHF Bearish 1H TF (AB=CD,Double Top,Divergence,Break of HL)AUDCHF shows a bearish bias based on:
(1) Bearish Divergence
(2) AB=CD Pattern (Reversal)
(3) Double Top Reversal
(4) Dow Bearish Continuation (LLs and LHs)
(5) TP at Fib Level 50% and 61.87%
Trade Plan (Bearish Bias)
SL: Previous HH
Entry: Sell at CMP
TP1 and TP2: 1:2 reward.
Note: If not confortable with TP2, you can go for only one TP1 or upto 50% fib.
What do you think, will it work?
AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are going short on the AUD/CHF with the target of 0.570 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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AUDCHFADUCHF bearish idea, trend shift from bullish to bearish as per 1H, bearish divergence, Pattern double top, sell at current market price, stop loss and target price mentioned on chart.
AUDCHF: More Growth is Coming 🇦🇺🇨🇭
AUDCHF broke and closed above a key daily horizontal resistance.
The broken structure turned into a strong support.
We can expect a bullish movement from that.
Next resistance - 0.577
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AUD CHF... ready to move up yet?Hi Guys,
I posted previously regarding the bullish outlook I have on this pair.
Currently price is in a pretty strong resistance by the way of three downward sloping trendlines marked on the messy chart, as well as a pullback into the fib golden zone from its most recent swing high. The main black trendline is the one that will lend more weight to a breakout to the upside if it can crack through this area.
I've outlined a few possible scenarios from this point (none of which may happen, but as traders we don't have a crystal ball and anticipation and forward preparation is a very necessary part of this game). Firstly if this pair moves down from here a possible inv HS could form below which would see another contraction in the VCP (volatility contraction pattern that is shaping up and the scenario I would most like to see). If price does move on up from here there is a harmonic bearish bat pattern that end in line with the resistance area (blue box) and direct horizontal resistance where price has had trouble moving past and we could see another move down before breaking through that area.
Of course if we were to close to a new low below the current bottom then everything becomes null and void and I would reconsider my bullish outlook for this pair.
I have opened long position on this pair so I will likely make new posts as things progress.
Safe trading all.
AUDCHFIs AUDCHF exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5666 followed by 0.5610.
What you guys think of it
AUDCHF: Short Signal with Entry/SL/TP
AUDCHF
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short AUDCHF
Entry - 0.5730
Sl - 0.5756
Tp - 0.5676
Our Risk - 1%
Start protection of your profits from lower levels
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AUDCHF Next Move ?Pair : AUDCHF ( Australian Dollar / Swiss Franc )
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure and Completed the Retracement
RSI - Divergence
CHoCH
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
AUDCHF...SHORTOANDA:AUDCHF short position can be taken in the specified area
There is no position before the area
AUDCHF looking to SELL, GOOD RATIO, ill be monitoring the behavior and delivery into my area of interest
AGAIN ILL BE MONITORING BEHAVIOR BEFORE MAKING ANY DECISIONS
Plus this is an areas of interest once price get there that's when I start looking for Any of my entry models to take place on the lower timeframes while taking into the account the TIME to PRICE relationship
NB: REMEMBER THE 4 MARKETS COMPENENTS
TIME
OPEN INTERST
VOLUMN
PRICE
AUDCHF Entree could me better. But let’s see what happens next.
It’s a 1:2RR. Hopefully we can make some profit in this trade.
✅AUD_CHF SHORT FROM RESISTANCE🔥
✅AUD_CHF has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 0.5737
Price decline is to be expected
SHORT🔥
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AUDCHF 1 Hour to the downside if 0.57300 holds as resistance?I think the 1 hour chart on AUDCHF is looking like a possible downside if resistance holds at 0.57300.
I'm looking for 2 x TP's shown on the chart, one is a 3.9:1 risk to reward, the other is a 6.5:1 risk to reward ratio.
Let me know if you think this resistance will hold?
AUDCHF Buyers In Panic! SELL!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5714 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.5704
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
⚡️AUDCHF CMC TRADING ⚡️ FALLING WEDGEAUDCHF has retraced to the upper boundary of the channel, coinciding with a significant key level established on the daily timeframe. Our anticipation revolves around a potential reversal towards the lower demand zone identified previously, prior to any potential rally. Should the bullish momentum persist, a breakout above may materialize. However, it's crucial to await confirmation of a breakout on both the channel and the key level before expecting an upward rally.
AUD CHF ...will we see a bullish breakout?Hi Guys,
The AUD/CHF pair has been in a pretty long downtrend as of late but having had a good look at the weekly and daily chart, this pair is showing some really nice bullish characteristics, indicating a possible strong move to the upside.
The three dashed black lines are shaping into a VCP (Volatility Contraction Pattern, coined by Stock Market Wizard Mark Minervini). Essentialy this pattern is the formation of a wedge with lower highs and higher lows and a breakout above the pivot point or downsloping wedge line.
The horizontal red line along the lows is the first reason I have enter long on this pair as it is entry to a basic strategy I use in all markets, which I alluded to in a previous article called 5 wick rejection. Basically cutting along 5 wicks at any swing high or low/ potential correction reversal points on a chart. The fact that it has printed on a weekly chart makes it more appealing as all patterns are, I suppose due to the time taken for them to happen. Some rea,ly powerful moves come when this strategy works and allows for a nice risk/ reward with not too much analysis involved.
On this occasion though, I can see confluence with the pair making higher lows and printing essentialy a triple bottom, with strong green candles at every low, indicating buying pressure.
The 50, 100 and 200 daily MAs are flattening out and price is moving closer to the long downward sloping trendline.
I probably would have looked for an entry at this point if I hadnt used the strategy for entry reason just to get an early entry/ tighter stop loss in anticipation of a break through the wedge/vcp breakout and the downward sloping trendline.
I haven't traded in the forex market for very long so I am not too sure if volume profile is interpreted in the forex market during pullbacks/consolidation as it is in the stock market but there has been some drying up of volume during this consolidation which is one of the key things to look for during a vcp pattern added with high volume during the breakout.
Would really like to get any opinions about this idea from others as I can see from other articles published on this site there are many talented traders on the Tradingview community with a wealth of knowledge.
Hope this info was useful to some and as always please ensure you use sound risk management before entering any trade
Safe trading all.
AUDCHF Buy levelAfter we sell from levels shared today in previous chart, lets buy from the demand zone and hold for the week.
