AUDCHF after the break above the weekly resistance is now consolidating below a minor support. According to Plancton's strategy, If the price will break above we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure ->...
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AUDCHF on the 4h chart after the double top at the weekly resistance retraced into a descending channel . The price after breaking below the minor support touches the 0.618 Fibonacci level and now testing the weekly resistance. According to Plancton's strategy, if the market will break above, we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣...
AUDCHF formed head and shoulders pattern Pair is based below key level at 0.6910 Price broke uptrendline Below SMA 100 MACD shows start of bearish momentum It's expected to target support level at 0.6800
See Signposts on chart for key price action details.
The pair has hit resistance at around 0.691 area. If it is able to close below that area, we will be looking to open SELL positions and aim for the 0.682 area as our first target. On the other hand, if the price breaks the zone of resistance, we will be waiting for a retest of the broken zone before opening BUY positions🙌🏻
AUDCHF on the 4h chart after the double top at the weekly resistance retraced into a descending channel. The price after breaking below the minor support touches the 0.618 Fibonacci level and now testing the weekly resistance. According to Plancton's strategy, if the market will break above, we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣...
We see a possible rising wedge forming here. Also a possible double top we should be looking out for, seeing how that plays for remainder of day. Trade op opens when we see a bearish break of our rising wedge formation.
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CHF ⚪ Technical Analysis : Since the 27th of January 2021, the price has been moving following an interesting ascending...
AUDCHF on the 4h chart after the double top at the weekly resistance retraced into a descending channel. The price after breaking below the minor support touches the 0.618 Fibonacci level and now retesting the previous support now turned resistance. According to Plancton's strategy, if the market will break above, we can set a nice long order. –––– Follow the...
Based on our technical analysis on higher timeframes with AUDCHF, we see a potential for a SELL opportunity for the month of February. Drawing a fib from October 2020's low to January 2021's high, we can see that price is hovering right in the possible SELL zone for Bears to enter. If price does not break the 6.18% level (on the fib drawn) then Bears can...
AUDCHF after the attempt to break the weekly resistance is now testing minor support. The price created a double top and according to Plancton's strategy, if the market will break below, we can set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
After a confirmed breakout of a major rising parallel channel on a daily, AUDCHF is retesting its broken support. On that, the price was nicely rejected and formed a double top formation. Now I expect a bearish continuation. Intraday goals: 0.684 0.6825 For swing trading first goal can be 0.677 Please, support this idea with like and comment! Thank you!
It looks like AUDCHF is preparing for a major reversal: the price has formed a lower high on a daily and then broke below a support line of a major rising channel. Now we see the attempt of bulls to retest the broken structure. Bearish impulse may start there. Potential goals: 0.677 / 0.672 Please, support this idea with like and comment. Thank you!
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CHF ⚪ Technical Analysis : Since the beginning of December 2020, the price has been following a strong ascending...
Welcome to our weekly trade setup ( AUDCHF )! - 1 HOUR Bullish price action and pressure. 4 HOUR Sideways market structure about to push to previous highs. DAILY Good long entries following mid term trend. - FOREX SWING BUY AUDCHF ENTRY LEVEL @ 0.68550 SL @ 0.68230 TP @ 0.69000 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different...
Possible long opportunity on AUD/CHF as price touches at support in the ascending channel. Look for strong bullish rejection at the 0.6830 level before entering as well as signals from the MACD and RVI. The price will likely hit the 0.6910 level which is where I would take profits.