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Audchfforecast

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
AUD/CHF SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation. AUD/CHF: Daytrade-Execution Note: If we miss entry by 1-2 pips I will execute manually! Sell-Limit: 0,64710 Stop-Loss: 0,65000 Target 1: 0,64450 Target 2: 0,64290 Target 3: 0,64000 Stop-Loss: 28 pips Risk: 0,5% -1% Risk-Reward: 2,57 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
1
AUDCHF is waiting for the impulse moveAUDCHF ⚡️ From starting of the year The price felled towards 0.53420 and making a bigger downward impulsive move which is around 20% drop from January 2020.After that the AUDCHF managed to gain most of the loses its earlier incurred. ⚡️ After reaching June high which is 0.67430 the price unable to push further trading in sideways until September 02 afterwards the shifting of momentum happened and price stared to fall again as previous impulse wave ⚡️ On this range Elliot correction wave From A to E has formed And one minor correction waves are formed on the upper side of trend line ⚡️ The price has felled below the lower side of trend line and trading at 0.65000 key psychological level. We can expect a minor rebound retest towards the lower side trend line and will fall towards .236 Fibonacci retracement ⚡️ After the completion of minor Elliot wave correction a micro Elliot wave is underway currently the primary 01 is forming. And the swing target would be around 50% Fibonacci level which is a expected level for the completion of Wave 03. ⚡️The price felled below the 03 Exponential moving average and Ichimoku clouds and cloud turned red and pointing towards south ⚡️ In RSI its under 20 and over bought condition will make some minor upward correction towards lower side trend line Key levels to watch 3 Month high -0.6712 3 Month low - 0.6486 6 Month high - 0.6743 6 Month low - 0.5727 yearly high - 0.6796 yearly low - 0.5342 ----------------------------------------------------------------------------------------------------------------------------------------- Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Short
by forexorbit