AUDCHF Hit our bullish target. Now time to sell the Channel DownThe AUDCHF pair has hit the 0.58200 target (0.382 Fibonacci level) we set on our last buy call (see idea below) and is resting today at the top (Lower Highs trend-line) of the Channel Down pattern since the January 27 2023 High:
The price price is now on the 1D MA100 (green trend-line) and just below the 0.5 Fibonacci level. There is also a chance that the dotted Channel Down will be materialized, so the technical Lower High max extension is a little higher. The sell confirmation typically comes when the 1D MACD makes a Bearish Cross. Our target is a potential -9.10% extension at 0.54000.
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AUDCHF
AUDCHFIs AUDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5760 followed by 0.5700.
What you guys think of it
✅AUD_CHF BEARISH SETUP|SHORT🔥
✅AUD_CHF is now beneath
A strong horizontal resistance
Level of 0.588 and we can see that
The strong upward move slowed
Down considerably as it approached
The resistance so I think that
We will see a local bearish correction
SHORT🔥
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#AUDCHF correction prevails----------AUDCHF LONG-----------
While everybody is looking for short trading on AUDCHF I see more room to the upside. I am not convinced we are witnessing a reversal at the moment however I do think the curve has some upside potential. Given the fact that this pair has been tanking for the past months and years a reversal can happen anytime. But since we are approaching a risk-off sentiment in the coming months or so I am not really bullish on this. Until then this pair can correct slowly. I target the monthly level (red) to the upside and see whether there will be enough power from the bulls to push the curve through it. Then I will decide to leave a partial position in it or close the trade entirely.
AUDCHF Analysis. Pull back is coming!!!Hello Everyone. I want share my idea about AUDCHF Pair.
At the pair last week AUD had pretty strong up movement which came close to daily resistance but it didn't retest, i think we have some good chance to catch this retest movement after touch to support zone. i marked 2 support zone which is 1h and 4h i think both is strong enough for continue that movement and test daily resistance. at higher timeframe for example 1W price is pretty Bearish which coming back clear, but for day traders this zone is the best for catch some profit.
I will update that idea if i will be right and make some setup which will be free signal from me.
Always manage your risk!!! Wait for Price action!!!
Be patient!!!
AUDCHF: Short term strength expectedExpecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel.
Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart.
I see AUD gaining in strength as China wakes up. There's a big interest rate decision this Thursday from the SNB which will be big news I feel.
I see this as a great pair to trade once a reversal is confirmed, there's a long way to go up!!
AUDCHF is approaching the daily trendHey Traders, in tomorrow's trading session we are monitoring AUDCHF for a selling opportunity around 0.58800 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58800 support and resistance area.
Trade safe, Joe.
✅AUD_CHF LOCAL SHORT🔥
✅AUD_CHF is about to retest a key structure level of 0.588
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCHF: Do you believe that US news has an effect on this pair?Hello traders,
Australian dollar and Switzerland Franc! Why FED interest rate could effect them?
The Swiss Franc is positively correlated with gold. Gold is FOMC dependable. As a result, U.S economical news could effect CHF and also, AUDCHF. So manage your risk before important news.
There is 1 entry and only 1 TP for this pair.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
AUDCHF H4 | Reversal off swing-high resistance?AUDCHF is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.57939 which is a swing-high resistance.
Stop loss is at 0.58200 which is a level that sits above a confluence of Fibonacci levels i.e. the 78.6% retracement and the 100.0% projection levels.
Take profit is at 0.57412 which is a pullback support that aligns with the 61.8% Fibonacci extension level.
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AUDCHF - Trend-Following Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDCHF has been overall bearish trading inside the falling channel in blue, and it is currently approaching around the upper trendline.
Moreover, the zone 0.585 is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance.
As per my trading style:
As AUDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDCHF ____ INCOMING BEARISH MOVEHello Traders,
AUDCHF has traded into a weekly supply zone and has just hunted buy-side liquidity. In the weekly order block, there is an unmitigated daily order block that I expect the price to mitigate and react from.
I will be monitoring price movement as it trades in the weekly order block to see if there would be a CHOCH on the 1-hour timeframe.
Follow for more updates.
Cheers,
Jabari
AUDCHF, time for the lower high to printAUDCHF / 4H
Hello traders, welcome back to another market breakdown.
AUDCHF has been trading in a down trend, the price is now in pull-back mode. I have my eyes on this previous S/R level where a potential lower high can print itself with two legged pull-back AB CD move.
Checkout the chart for the trigger plan.
Trade safely,
Trader Leo
Audchf broke up higher pullback for longs
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AUDCHFIs AUDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5738.
What you guys think of it ?
Daily Wave Rider - SELL AUDCHFAUDCHF
Channel: RED
WK Pivot: RED
AOB: WP
CON: IB
SELL Stop: 0.5678
Stop Loss: 5711
TP01: 0.55826
TP02: 0.5630
DWR presents as a sell setup on 11SEP, with Channel and Pivot are red bouncing off Weekly pivot.
However, trade is not taken/considered as it differs from our Market Analysis Bias.
SPX500: Up
DXY: Down
OIL: Up
GOLD: Up
Reference to our WK37 analysis, we are anticipating a "Risk-On" sentiments thus will BUY AUD/NZD.
Long AUDCHFLast week AUDCHF posted a green Heiken Ashi candle on the weekly time frame. This suggests to me that we may have another green candle posted this week. It's also the case that there was a green Heiken Ashi candle posted on the daily time frame on Friday after a series of red candles. This suggests to me that we may have a multi-day bull run.