AUDCHF
AUD/CHF Why Not?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 whiplash "Pending Home Sales" USA release 10:00 am est (UTC-5).
My trades are not huge pip amounts, but consistency wins the race.
Think rabbit and the tortoise, and the amount of lots on each of my positions.
Trade well
AUDCHF: Short Scalp Potential?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 0.6385, TP 0.631 would be my risk and reward.
I am bearish on this pair and as per my previous post I think we'll see 0.62 in the coming weeks, but I do expect a bounce from 0.63 so I'll TP and await another entry down.
I'm conscious that there is the RBA meeting notes at 12.30am tomorrow, there will be volatility which could cause the stop to be triggered so I'll assess later, if triggered.
AUDCHF Sell opportunityI believe that the AUDCHF will continue its correction until the amount of 63500 and after that it will be a good opportunity to sell.
It is better not to enter the position Right now and follow this goal through sell limit or sell stop
If you have a better idea, please share it in the comments
FX:AUDCHF
AUDCHF | THIS COULD BE A GREAT SELLHey 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 should be going down to re-test previous bottom level, if broken then we will see this trade further dropping down, ma's also cover stop loss so should be able to ride any of the volatility on this pair.
AUDCHF - 4hrs ( Sell Trade Target Range 150 PIP ) 💲Pair Name : AUD/CHF
🗨Time Frame : 4hrs
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( / Short )
Type : Mid Term Swing
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Bearish Reversal
0.65000 Area
Reasons
- Turn level Counter Trend
- M Turn level
- Visible Range hvn
- Harmonic Pattern
- Q High / 2 Q High Area
- Fixed Range Poc
Bullish Reversal
0.63000 Area
Reasons
- Major Turn level
- Visible Range Value
- Pattern Target
- Fibo Golden Zone
AUDCHF -4hrs ( Down + 50 PIP / Tp 1 > Full Tp 150 PIP ) Pair Name : AUD/CHF
📉Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : / Short
➕ Educational
—————**-
🔰 Update - VIP Opportunity
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🔰 Down + 50 PIP.
Target Hit ( 1 )
Account Growth 5 %
AUDCHF - 4hrs ( Down + 100 PIP / Tp 2 > Full Tp 150 PIP ) Pair Name : AUD/CHF
📉Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : / Short
➕ Educational
—————**-
🔰 Update - VIP Opportunity
————
🔰 Down + 100 PIP.
Target Hit ( 2 )
Account Growth 10 %
AUDCHF - 4hrs ( Down + 150 PIP / Tp 3 ) Pair Name : AUD/CHF
📉Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : / Short
➕ Educational
—————**-
🔰 Update - VIP Opportunity
————
🔰 Down + 150 PIP. Full Close
Target Hit ( 3 )
Account Growth 15 %
AUD/CHF 50 PIPS BUY NOW!!!We seeing a transition to upside price broke the neckline and now price has retraced to 78.6% fib level on h4 timeframe and we see respecting the support level
In H1 timeframe we see massive rejection from the support level as volume builds up and testing the H4 support now so its a good entry for a buy to upside
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📌 Potential SELL setup for: AUD/CHF👩🏽💻Technical: The monthly chart is showing a clear bearish bias in the market. However, on the weekly chart, the price is still struggling to break the MA 20, which is indicating some buying pressure. Moving on to the daily timeframe, the price has recently pushed aggressively towards the downside and has formed a strong bearish engulfing candlestick. The next target for the price is to break the MA 50 & 100, which might still experience a pullback towards the upside.
🎯 For an ideal entry: Even though the price formed a 4-hour bearish engulfing and closed into a new low, it has not yet broken past the daily MA 50/100. I would aim to enter AUDCHF after a break, followed by a push > exhaustion completion and bearish candlestick formation to confirm my entry and I can potentially aim for a weekly support level as my profit target.