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Audchfanalysis

AUDCHF Short OpportunityMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for AUDCHF for the upcoming week. CHF News this upcoming week. I'm looking to shirt for a short-term pullback. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Short
by bluesignalfx
7 dimensions analysis for AUDCHF 🕛 TOPDOWN Analysis - Preparing for a Potential Reversal Overview: The market is showing signs of a potential reversal, with the yearly low almost confirmed. A long-wick pinbar, often indicative of retests and undercuts, has appeared. Vigilance is required for any reversal candles on lower time frames. On the monthly time frame, a robust demand area marked by a significant pinbar and heavy volume at the bottom suggests a potential reversal. The monthly close also forms a monthly engulfing candle, and the last liquidity sweep is evident. The weekly time frame corroborates the notion of a confirmed low and an inducement at a critical first-order block. This marks the third pullback and hints at a weak impulsive leg. Additionally, the weekly record session count aligns with this analysis. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Indicative of a Breakout from Sideways (BoS). 🟢 Swing Move: The corrective move has nearly reached its target level. 🟢 Inducement: 50% correction completed. 🟢 Internal Structure: Awaiting high confirmation. 🟢 Supply Area: Located here. Key Points: Trendline breakout is awaited. Resistance with a liquidity candle. A fake breakout with a V-shaped move in the extended market. No follow-through at resistance, marked by a strong reversal candle at the Change in Polarity (CIP) area. 2️⃣ Pattern 🟢 CHART PATTERNS Continuation Rising Wedge Shakeout Continuation 🟢 CANDLE PATTERNS Notable Observations: Record session count after strong bull session candles, followed by a reversal candle. A long-wick, strict candle. Momentum indicators indicate both a fakeout and FOMO. Further insights may emerge during opening sessions. A blended combo of 2 classic reversal patterns. 3️⃣ Volume: Volume during the fakeout was not substantial. 4️⃣ Momentum RSI: 🟢 Zone: Superbullish 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band: Signifying a reversal expectation. 🟢 Walking on the Band: Possibly in the final stages; a minor correction may be in order. 6️⃣ Strength ADX: Bulls are currently dominant, with a minor correction noted. 7️⃣ Sentiment ROC: The AUD is stronger than CHF. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Current Move: Corrective at the daily master time frame and impulsive at H1. ✔ Support Resistance Base: H1 trendline is broken. ☑️ Candles Behavior: Momentum-indicated corrections. ☑️ FIB Trigger Event: Completed ☑️ Trend Line Breakout: Confirmed ☑️ Final Comments: Sell for correction. 💡 Decision: Sell 🚀 Entry: 0.5870 ✋ Stop Loss: 0.5933 🎯 Take Profit: 0.5751 😊 Risk to Reward Ratio: (Ratio not provided) 🕛 Expected Duration: 1:2.32 (Risk-Reward ratio not specified) SUMMARY: The analysis suggests a potential reversal scenario based on various technical factors. The market shows signs of weakening bullish momentum and the emergence of bearish patterns. Awaiting a trendline breakout is advisable, and a sell strategy for correction is proposed. Specific entry, stop-loss, and take-profit levels are provided, although the risk-reward ratio is not explicitly mentioned.
Short
by Optimum369
#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.
Long
by Szuperpotyka
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!!!
Long
by elmakacho
DeGRAM | AUDCHF confluence level to short the marketAUDCHF is slowly approaching the psychological level at 0.58000, fibo cluster, resistance, and dynamic resistance. Price action has previously reacted to the resistance level by dropping from it. This recent bullish move is a pullback against the major bearish trend because the trend on the 4-hourly chart is bearish. We expect the price to bounce off the resistance and retest support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
7
DeGRAM | AUDCHF trend continuation opportunityAUDCHF has reached a support level, but noctice it made shallow lower low. Price action is likely to retrace from support and retest the highs. The market is pulling back against the major bearish trend, projected pullback is equal to the previous pullback that occurred before. We expect selling opportunities at the resistance and fibo levels. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
4
Choppy Price Action Sparks Speculation of Upcoming Market ShiftWe are currently witnessing a gradual descent from the Monthly spike that occurred in February 2020. On the lower time frames, the price action has become quite choppy, with each new low promptly followed by a quick retracement upward. This choppy behavior suggests the possibility of a long-term reversal in the making. I have identified two key targets that the price might aim for before experiencing a potential upward movement. The first target is a weekly support/low level at 0.562, while the second target is the 2020 spike low at 0.532. Personally, I believe that 0.562 might serve as a more reasonable target. Therefore, I am planning to gradually build a position as the price approaches this level. Nevertheless, it's essential to be prepared for the possibility that the price might not reach that far down. Consequently, I will start monitoring daily signals on my TRFX indicator as the price falls below 0.575. My trading strategy for this trade will be to focus on the SUPPLY/SELL zone, clearly marked in red on the chart, starting around 0.61. I anticipate that the price will be drawn towards this level. As for the stop loss placement, it will depend on the precise signal I receive, but it will definitely be set below 0.56. This approach is aimed at managing potential risks effectively.
Long
by TheFxAce
15
Aud Chf LongA reversal analysis for the AUD/CHF currency pair from the 57518 level involves examining the historical price action, identifying potential reversal points, and analyzing relevant technical indicators to assess the probability of a reversal occurring. Please note that as an AI language model, I don't have access to real-time data, so the analysis provided here is based on hypothetical scenarios and the knowledge available up to September 2021. Historical Context: First, let's take a look at the historical price movement of the AUD/CHF pair leading up to the 57518 level. We need to consider both long-term and short-term trends to get a comprehensive understanding. Key Support and Resistance Levels: Identify significant support and resistance levels on the chart. These levels can act as crucial reference points and can provide insight into potential reversal areas. Candlestick Patterns: Analyze the candlestick patterns at the 57518 level. Look for key reversal patterns like doji, hammer, shooting star, or engulfing patterns. These patterns can signal potential reversals. Momentum Indicators: Review momentum indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Divergence between price and the indicator can indicate a potential reversal. Volume Analysis: Examine trading volumes around the 57518 level. Significant volume spikes or divergences can provide clues about possible changes in market sentiment. Fibonacci Retracement: Apply Fibonacci retracement levels from recent swing highs to lows to identify potential support or resistance levels that coincide with the 57518 level. News and Events: Consider any upcoming economic data releases or geopolitical events that might impact the AUD/CHF pair. Sudden news can trigger sharp reversals. Sentiment Analysis: Evaluate market sentiment through sources like CFTC Commitments of Traders (COT) report or sentiment indicators. Extreme sentiment can indicate a potential reversal. Timeframe Analysis: Assess the reversal analysis across different timeframes (daily, weekly, monthly) to get a more comprehensive view. Remember that a reversal analysis is not a guarantee of future market movement. It is crucial to use risk management techniques, set stop-loss orders, and combine multiple analyses before making any trading decisions. Additionally, consulting with a qualified financial advisor or professional trader is recommended for personalized guidance based on current market conditions.
Long
by realtrademaster