Audchflong
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
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUDCHF BULLISH Continuation (Retracement Completed)Currently, we can see a strong BEARISH candle for AUDCHF bringing price towards our EMA. After failing to reject from our MA, EMA could be a possible level to watch. As of now, waiting for the confirmation candle to trigger us will be a good option. Having said that, if today's candle do not break the support level at 0.7055, BEARISH breakout will be less likely to happen. Some common misconception among us will be that there is a "H&S Pattern". If we look closely, the head will not be valid to consider this a H&S. With that, I am leaning towards a BULLISH climb to 361.8% fib level and potentially 461.8% fib level.
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AUDCHF facing bullish pressure, potential for further bounce!Prices are facing bullish pressure from 1st support which is in line with 78.6% Fibonacci retracement, 50% Fibonacci extension and horizontal swing low support. Prices might push up towards 1st resistance which is in line with horizontal swing high resistance in line with 61.8% FIbonacci extension and 100% Fibonacci extension. If prices push lower, prices might take support from swing low support which coincides with 78.6% FIbonacci retracement and 100% Fibonacci extension. Stochastics seem to also be approaching the 12.68 level, potential for a bounce in line with our analysis.
AUDCHF - Bullish BiasAUD - BULLISH
1️⃣ Strong data from the Chinese economy boosted sentiment as retail sales and industrial production figures for February surpassed estimates and rose 33.8% and 35.1%, respectively.
2️⃣ New home sales jumped 22.9% mom in February, according to the HIA, reversing from a 69.4% surge in January.
CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.
2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
3️⃣ Positive risk tone weighing on the safe-haven CHF.
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Technical
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We are buying the AUDCHF at support + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
AUDCHF - Bullish BiasAUD - BULLISH
1️⃣ Strong risk sentiment boosted the Aussie from 5-week lows after the US Congress approved President Biden's $1.9 trillion coronavirus relief package.
2️⃣ Reserve Bank of Australia governor Philip Lowe rejected market expectations of an early increase in interest rates, insisting it will not lift its record-low cash rate of 0.1% until the jobless rate falls far enough to generate higher wages.
3️⃣ Australia's inflation expectations increased to an 11-month high of 4.10% mom in March.
CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.
2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
3️⃣ Positive risk tone weighing on the safe-haven CHF.
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Technical
=====
We are looking to buy the AUDCHF at support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
AUDCHF - Bullish BiasAUD - BULLISH
1️⃣ The National Australia Bank's index of business confidence showed the highest reading since early 2010 and well above the long-run average.
2️⃣ Local 10-year rate lifted to near 23-month highs of 1.79%.
3️⃣ The risk-on mood benefitted the AUD.
CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.
2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
3️⃣ Positive risk tone weighing on the safe-haven CHF.
=====
Technical
=====
We are looking to buy the AUDCHF on support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.