CHFAUD trade ideas
AUD-CHF Local Long! Buy!
Hello,Traders!
AUD-CHF went down and
The pair made a retest of the
Horizontal support level
Of 0.5514 from where
We are already seeing a
Bullish rebound and we
Will be expecting a local
Bullish rebound
Buy!
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POTENTIAL SHORT TRADE SET UP FOR AUDCHFAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price has reached the upper boundary of a higher time frame (HTF) bearish continuation structure, approaching this zone with an ascending channel on the mid time frame (MTF). On the lower time frame (LTF), a bearish impulse has developed, and we will be watching for a continuation pattern to pinpoint a potential entry point for the trade.
Expectation: A downward move is anticipated, targeting the lower boundary of the HTF bearish continuation structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
AUD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
AUD/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.557 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Bullish rise?AUD/CHF has reacted off the pivot which acts as a pullback resistance and could potentially rise to the 1st resistance which has been identified as an overlap resistance.
Pivot: 0.5618
1st Support: 0.5577
1st Resistance: 0.5680
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Bullish rise?AUD/CHF has reacted off the resistance level level which is a pullback resistance and could rise from this level to our take profit.
Entry: 0.5616
Why we like it:
There is a pullback resistance level.
Stop loss: 0.5581
Why we like it:
There os a pullback support level.
Take profit: 0.5679
Why we like it:
There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement.
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AUDCHF SELL OPPORTUNITY AUDCHF provides a sell opportunity as price retraced to a pullback resistance which aligns with 23.6% Fibonacci retracement level a sell opportunity is envisaged from the current market price. The stop loss is placed at 0.56370 (50% fibo retracement ) and take profit is at the low price of 0.54905
AUDCHF: Bearish continuation - Will it reach 0.55190?OANDA:AUDCHF is trading within a well-defined descending channel, with price action respecting both the upper and lower boundaries. The recent rejection from the resistance zone suggests sellers are maintaining control, supporting a potential continuation of the downtrend.
As long as the price remains below the resistance level and the channel's upper boundary holds, the bearish structure remains intact.
A potential downside target is 0.55190, aligning with the lower boundary of the channel. A break and close below this level could signal further bearish momentum.
However, a breakout above the resistance zone would invalidate the bearish scenario and may indicate a potential reversal or deeper pullback.
Always confirm your setups and trade with solid risk management.
Best of luck!
AUDCHF Long From SupportHello Traders
In This Chart AUDCHF 4 HOURLY Forex Forecast By FOREX PLANET
today AUDCHF analysis 👆
🟢This Chart includes AUDCHF market update)
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BUYING AUD/CHF From 4H SupportAUD/CHF has been on a downtrend for the past couple of weeks, price is currently sitting at 4H support with a W pattern reversal signal, price may continue further bearish considering the bearish momentum but for now we will be looking long temporarily till price gives us otherwise signal.
AUD/CHFOn Daily,
it formed a Hammer candle formation around psychological Support / Resistant of 0.56000.
It also, failed to to match the previous Lower - Low.
On 1H,
It seems that it's forming a Inverted Head & Shoulders. It's too early to call it. It may hit the Trendline (Blue) again and if it fails to breake it, it will be a good a counter move.
Just watch it !!!
AUDCHF at Key Demand Zone – Potential Rebound?OANDA:AUDCHF has reached a key demand zone, where buyers have historically stepped in to push prices higher. This area has previously acted as a significant support level, making it a crucial point to watch for potential reversal signals.
If price shows clear bullish confirmation, such as rejection wicks or bullish candlestick patterns, we could see a rebound toward the 0.56550level, aligning with a potential short-term uptrend. However, a break and close below this support zone would invalidate the bullish outlook and could lead to further declines.
Traders should wait for confirmation before entering long positions to avoid potential false breakouts.
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