This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
AUDCHF on the monthly chart is close to a extremely strong monthly resistance. Market hit the top trendline and retraced back starting a range move between 2 weekly structure. At the moment market has been between the 2 structure for more than 9 weeks and we can expect the price to take a solid direction after such a long time. At the break of the strcture we will...
On the weekly chart AUDCHF has been inside a megaphone pattern which normally is a continuation pattern. Market hit the lower trendline before starting to rise up. We can clearly see that the market is moving inside a range between the 2 weekly structures. If the market will break below the structure, as we expect, we can look for a short position according with...
Main items we can see on the chart: a) Currently, the price is inside a yellow range b) We see an interesting bullish or bearish potential depending on the breakout of the range c) The strategy we will use to take advantage of this situation is to wait for the breakout and then look for corrective structures on the 30minutes or 15 minutes chart d) The...
Welcome to our weekly trade setup ( AUDCHF )! - 1 HOUR Bullish pressure right now 4 HOUR Price closed above main sr level. DAILY Overall sideways waving market structure, good long entries! - FOREX SWING BUY AUDCHF ENTRY LEVEL @ 0.65440 SL @ 0.65110 TP @ 0.65910 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a...
AUDCHF rebounded from demand zone at level 0.6495 with bullish movement Price is based above HVN at level 0.6533 which indicates that pair is in accumulation phase RSI shows bullish momentum RSI is above level 50 Above SMA 100 It's expected for the continuation of bullish momentum to target first key level at 0.6595 then finally target supply zone at level 0.6690
We're short on AUDCHF... AUD has been a little weak in the late last week trading session, and is now showing good signs of the weakness continuing. In terms of our indications, price is bearish (4H). The pattern we are trading is a bearish continuation ( Wedge) The risk reward is very solid and the fact that price is rejecting the 61.8% of the fibs is...
Confirmed violation of a major falling trend line on AUDCHF. on 1H the price has also broken above the horizontal resistance of the ascending triangle. now bullish continuation is highly probable. goals: 0.656 0.657 do not enter aggressively, it is way better to catch this long on a retest.
This pair found resistance at the trendline and also at 0.65448. We may see a price reversal and then back down we go to support at 0.65051 Stop loss- 0.65583 Take profit- 0.65051
Main items we can see on the chart: a) The price broke an ascending trendline and formed a corrective structure b) After that, we had a breakout of the previously mentioned structure and a small correction c) Based on that small correction we have two scenarios d) If the price breaks below the small correction we expect a bearish movement towards the...
2 possible entries. Wait for double top or wait for break and retest of the zone indicated
2 possible entries. Wait for double top or wait for break and retest of the zone indicated
Main items we can see on the chart: a) The two main structures of the chart are: a) The descending channel (white lines) and the Major support zone. b) Currently, the price has broken the inner channel (the yellow one), and we can see a kind of correction above the support zone and the broken channel. c) Based on all these aspects, we expect a bullish...
The 4H chart is showing an ascending channel. After a bullish breakout above the resistance level, the price has now turned bearish and reverted back to the support level at 0.6531. We could see price retest this support level and turn bullish again, or the price may make a break below this support level and continue this bearish move. Given the position of the...
TF:1 HR Price has formed a corrective structure and could sell from here if the formation breaks. Price looks like it might break the corrective structure signaling further downside from this area. The 1 hr candle will need to close below the trend line to validate this idea.
Main items we can see on the chart a) The price has broken a descending trendline b) After that, we can see a corrective structure (purple lines) c) Corrective Structures tend to solve in the same direction of the previous impulse d) However, we have 2 scenarios here in case the analysis does not go as expected e) Short Scenario: The price should...
AUD/CHF has reached a strong support level, while trading in a wedge. If the diagonal resistance gets broken>> long after pullback. If the support breaks>>short after pullback. But I am bullish on this one. Thank you for reading, like and subscribe and have a nice day!