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Audchfanalysis

Price is making a rising towards our resistance zone.The price on AC makes a fakeout above the daily resistance zone (red zone). Price came back and broke under the zone while over sold (see RSI) Price is retracing towards our strong resistance zone making a rising wedge, while doing thet the RSI Rises as well. Waiting for some rejection or bearisch pressure to get in this trade. Take profit is set on the 1 and 4HR demand zone. just to be safe. Did tou like this analysis? please give it a like. Let me know your ideas on AC. Have a nice trading week everyone.
Short
by R2000trading
AUDCHF 50 PIPS SELL AUDCHF Showing great potential for a 50 PIP drop. We have recently seen price reject the strong level of resistance on the 4hr chart. Alongside side this we can also see that price is respecting the 0.50 fib level at previous times along the downward trend and finding a good resistance at this level. Due to a recent break of this level i can see price retesting it once more before further rising and reversing the current trend. However if i were to see price break this level once more i would look for potentially another entry. RSI(10) has also shown an oversold condition at this resistance level which further supports my idea that it has enough momentum to hit my target. Im currently waiting for a 10 PIP pull back for better entry and risk to reward ratio. TP is set at 50 pips and SL is set at 25 PIPS.
Short
by tradingonthego
AUDCHF long trade ideaPlan: wait for price retracement --> BUY (please don't follow me blindly, do your own research and test) **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3
AUD/CHF SELL 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
AUDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Price reached monthly resistance level, previously monthly support that had pushed price down to bearish impulse, faced rejection and started downward move. W > Price tested monthly resistance thrice and after facing rejection dropped to test weekly support. After completing M formation price moved bearish to test neck of W formation as per our target. D > As per our last analysis price dropped to complete both of our targets, last one being neck of W formation. After facing rejection at neck of W price is currently moving up for a correction. We can see an over extended M formation and can set its neck as our next short term target. As per COT AUD saw closure of more Short than Long positions, improving net positions. AXY weakened during the said week but gained some lost position last week. CHF saw addition of more Long than Short positions, improving net positions whereas Commercials also added few Long and more Short positions increasing net open positions. However SXY was weak during the said week but it gained strength last week. 4H > After rejection price is moving upwards creating HH and HL and is now testing LL it created during its bearish move. We expect price to continue with its upward move to test neck of M and complete the formation. We can see divergence on 4H timeframe hence bullish move could be short-term and price will eventually continue with downward move. Pair Correlation > AUDCHF has positive correlation with AUDCAD, AUDUSD and AUDJPY and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
AUDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price reached monthly resistance level that had pushed price down to bearish impulse, faced rejection and started downward move. W > After facing rejection at resistance level price had pulled back and stayed in consolidation for over a month. Price moved up again to retest resistance again and after rejection moved down. We saw an M formation and expected price to move up to test its neck, which piece did. D > Price went up to complete M formation and it can drop to test weekly support. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week. 4H > After testing resistance at neck of M formation price has started making LH and LL as first confirmation of reversal. Pair Correlation > AUDCHF has positive correlation with AUDJPY, NZDCHF, NZDJPY, EURCHF and NZDUSD and strong negative correlation with EURAUD and USDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
1
AUDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price reached monthly resistance level, previously monthly support that had pushed price down to bearish impulse, faced rejection and started downward move. W > After rejection price dropped till 0.618 Fib level on last bullish impulse, moved up and is consolidating and retested resistance again thrice. We can see a W formation and expect price to drop till its neck for correction. D > Price is consolidating in a range of about 100 pips with two breakouts to the upside, testing monthly resistance each time. We saw an M formation and price moved up to test the neck and complete the formation. Price dropped after testing the neck but monthly support pushed it again to the upside. After last retest of resistance price is making HL and LL. Price is now approaching resistance of range and we expect a drop to the downside. As per COT AUD saw addition of major Long and Short positions, increasing net positions. AXY gained strength during the said week, it improved its position last week. CHF saw closure of both Long and Short positions with Short position reducing to least for current year, increasing net positions marginally. SXY was strong for the said week. SXY further gained strength last week. 4H > Price is now testing resistance level and can approach daily supply zone. We expect a reversal around this zone and will monitor price action for confirmation of reversal. Pair Correlation > AUDCHF has positive correlation with AUDJPY, NZDCHF, NZDJPY, EURCHF, NZDUSD and AUDUSD and strong negative correlation with EURAUD and USDCAD on daily and weekly timeframe. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX