hey traders! bearish engulfing on the daily suggest further movement towards daily low, overall market direction bearish, and a nice recent break of moving average does suggest a push exhaustion cycle, overall good price action, however huge fundamental news today for US and tomorrow for GBP, this could cause CHF to gain/lose power, being a safe haven currency. ✅😊
The AUDCHF pair is currently heading towards a key resistance area located between 0.63057 and 0.62358. This area is significant because it includes the Fibonacci retracement level of 38.20, two descending trend lines, and the 100-period moving average on the 4-hour timeframe. My expectation is that the price will drop from this area towards 0.61584 and then...
Hi All, For this week Trading we are looking at going long on AUDCHF using the D1 and H4 Timeframe, we can see double bottom on D1, and HL formation to retest the previous HH. H4 Bullish pennant forming. Entry, Sl and TP marked. Follow, Like and comment.
AUDCHF on the 4h chart has been trading in series of lower lower high. The market after a consolidation phase over a support create a new impulse to the lower side after a last liquidity grab. Within 2 narrowing trendlines the price reached a support area ans started anew move to the upside. It breaks the upper trendline and is now testing a resistance...
Hey Traders! 🔻Potential SELL setup for: AUDCHF 👨💻 Technical: Strong channel down, bearish engulfing candlestick developed and making new lows, does suggest further continuation of bearish pressure. 🎯 For an ideal entry: You could risk and enter now, or ideally wait for a pullback back to the moving averages and look to enter there, giving you a great risk...
OANDA:AUDCHF Sure, why not trade something I don't normally look at. I have to start with this pair at some point. After a couple of close TP misses prior/during the recent Asian session, took a short on the Aussie Swissy heading into a round number before NYSE open. After the opening bell, it slowly chopped and hit my hard 10pip TP, right before the small...
Hey Traders! New 4h hour low with a bearish engulfing candlestick does suggest further bearish momentum, overall direction is also bearish, a clear direction towards the daily or weekly support which is around 120+ pips, if broken then take profit 3. 🔥 ✅
We're in a long-term down trend, so I am overall bearish on this, not seen a huge amount to change my bias in recent weeks. We may have a double top which coincides with the 50% fib retracement from the last impulse move down, certainly a strong rejection just below a previous 4Hr high. I'm waiting until the next lower low (around 0.636) to maybe get in, SL...
Hey everyone due to FOMC later today markets are not moving as much as not giving a clear indication of direction, this is usually due to news anticipation and everyone wants to see a clear trend before they react, so AUDCHF was pretty much the only choice on the table, it broke the neckline of a head and shoulders pattern, broke the previous support and now...
Hey Traders, in today's trading session we are monitoring AUDCHF for a buying opportunity around 0.63800 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
AUDCHF Keep in mind most of the minor swiss pairs they brewing for a break out either direction! Highs: 0.64460 Lows: 0.63585 A break of the highs next area of interest would be 0.64980 A break of the lows next area of interest would be 0.63255 Clean set up! Don't forget to trade your own plan. Trade Journal
I am expecting a new buying pressure to creep in really strong after the break above the symmetrical triangle on AUDCHF It's best to wait for the break above the upper-band trendline before anticipating for a buy position. Alternatively, a break-down below the prolonged and overly tested demand area, could lead to a fall and then targeting. So, Watchout for AUD/CHF
Potential short trade on AUDCHF from a major resistance level.
Hi All, We are looking at an inverse H&S forming on AUDCHF H1. Where we are buying the head. Entry, SL, TP marked. Follow, Share, Like and comment
The AUDCHF pair hit yesterday its 1D MA200 (orange trend-line) for the first time since September 05 2022. The key on the current price action is the weekly (1W) closing. In September it failed to close a 1W candle above the 1D MA200 and naturally it got rejected to the bottom the long-term Channel Down that it has been trading in since mid 2021. The current...
I'm expecting AUDCHF to continue being rejected by the weekly resistance after a retest of the rising trendline, before breaking back below to continue the downward trend that it's been on for a couple of years. CHF 's world value remains very strong despite this recent short-term sell off and is risk-off. AUD is risk-on, which I believe will fall due to global...
Weakness in the last drive could result in a reversal.
Hello Traders, here is the full analysis on AUDCHF , let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. Kindly tap on like and follow button l.. Please also refer to the Important Risk Management