CHFAUD trade ideas
A fall signal found.Dear viewers,today we search AUDCHF opportunities and find what I will mention later...OK,in my view the AUD has started a small downfall since 26 March and a great fall from 20 Feb against CHF.And absolutely a range zone from 4 March is wrought.!So what to do?!come back to the small fall where the price touched the descending channel border and started.Now we can see it closing a small support area.I am watching,watching If the price reacts to support, then I will sell at the indicated level...For now, we are looking at it this way with the AUDCHF.Follow the trend with its waves and enjoy!
AUDCHF: Bearish Forecast & Bearish Scenario
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDCHF chart which, if analyzed properly, clearly points in the downward direction.
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AUDCHF - Potential Short-Term BottomTaking a look at the daily chart, AUDCHF has began showing indications of a potential bottom. This might be a decent low risk LONG setup as a swing trade.
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AUDCHF: Long Trade with Entry/SL/TP
AUDCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDCHF
Entry Point - 0.5536
Stop Loss - 0.5514
Take Profit - 0.5578
Our Risk - 1%
Start protection of your profits from lower levels
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Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.5602
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.5626
Why we like it:
There is a pullback resistance level.
Take profit: 0.5545
Why we like it:
There is a pullback support level.
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AUD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
AUD/CHF pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.555 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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