Audchflong
AUDCHF top-down analysisHello Traders, AUDCHF is approaching monthly support and it has created a bullish engulf on a level of monthly level of support. It is likely that, this instrument will create a morning start candlestick pattern. upon creation of this pattern.
this instrument is likely to move upward to continue it's uptrend.
AUDCHF bullish breakout, potential for further upside!Price has just seen a bullish breakout from descending trendline resistance-turned-support, and MACD is now holding above the 0 line. We could see a bounce at 1st support, in line with 38.2%, 50% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
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AUDCHF Will Go Up! Buy!#AUDCHF broke out of the falling wedge pattern
While trading nearby a daily support level
We can see a nice retest of the broken resistance
As well as the retest of the local horizontal support
From where I am expecting a nice bullish correction
With great risk reward , and the horizontal resistance
As the final target of the trade
Buy!
Potential long AUDCHFAnalysis time frame - Daily
Long term context - Bullish
Significant levels - 0.70870 and 0.72260
Recent price action - in consolidation / corrective phase with a false break to the downside.
My bias - Bullish
Trade idea - Look (on H4 t/f) for a long entry at/around 0.70870 with target below 0.72260
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AUDCHF LONGlooking to take this entry on the 1hr time frame we can se that price has come from an impulsive push to the upside breaking through previous resistance,
price is currently in a symmetrical triangle structure that has made multiple touches respecting the trend lines
the current price action price has just made a second touch to the bottom trend line and formed a inverse head and shoulders indicating a push to the upside.
to confirm this entry i have waited for a impulsive candle and now currently seeing a 1hr tight flag with multiple consecutive candles.
target 1 will be looking at the orange box near the prevous high near a fib resistance level
foregoing the final target will be the top orange box at the .618 level
AUDCHF - Bullish BiasAUD - BULLISH
1️⃣ The prevalent risk-on mood, further undermined the safe-haven greenback and extended some support to the perceived riskier aussie.
CHF - BEARISH
1️⃣ Positive risk-tone weighing on the CHF.
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Technical
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- We are buying the AUDCHF at RBS on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
AUDCHF facing bullish pressure| 28 Apr 2021Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement . If prices push lower, prices might take support from horizontal swing low support which coincides with 78.6% Fibonacci extension and 50% Fibonacci extension . Stochastics is also taking support from 9.79 level, potential for bounce.
AUDCHF facing bullish pressure| 28 Apr 2021Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement. If prices push lower, prices might take support from horizontal swing low support which coincides with 78.6% Fibonacci extension and 50% Fibonacci extension. Stochastics is also taking support from 9.79 level, potential for bounce.
AUDCHF facing bullish pressure, potential for bounce!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal swing high resistance, 61.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices push down further, prices might take support from 2nd support in line with horizontal swing low support in line with 127.2% Fibonacci extension. Stochastics is also facing bullish pressure from 8.43 support level, potential for bounce.
AUD/CHF BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to waot for a confirmation!
AUD/CHF: Daytrade-Preparation
Market-Buy: 0.71370
Stop-Loss: 0.71035
Point of Risk-Reduction: 0.71755
Take-Profit: 0.72210
Stop-Loss: 34 pips
Risk: 0,5% -1%
Risk-Reward: 2,45
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Peace and good trades
Irasor
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