Audchflong
AUDCHF approaching support, potential for a bounce!
AUDCHF is expected to drop to 1st support at 0.68591 where it could potentially react off and up to 1st resistance at 0.69022.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCHF Long (Another Entry )We can see clearly that 0.69640 is a level where the sell orders were made, we managed to close daily as A big Hammer which means
that the price will climb higher, A good entry is 0.69610 with tight stop loss, we have to gain some space to break that level were the
sell orders were made.
My tp is 0.69929
AudChf Short But Reversal Due SoonAudChf is in a continous downtred and will have some pullbacks on the way down. This pair is not safe to sell because the next "Hot Zone" will be reached sooner than later!
Trading Inside of the Hot Zone will expose yourself to bank manipulation and stop loss hunts as the "hot zones" is where the 99 percent hang out!
Please wait for a confirmation of a trend reversal first... then go long before you decide to trade into the hotzone
Another Aud/Chf Update With Trend Structure Levels H4Here I have used a line chart to draw the trend structure areas on the chart. I see the double top as the start of a new trend. I see the structure levels as how trade will move down to the Fib .618 level! This is how I see it only! I hope this helps with anyone who has entered the trade!
AUDCHF 1D SETUPI 'm expecting the price to hit the S/R zone and if it shows bearish signs I believe it will only go down by 50 pips. Whereas, if it breaks the zone (which is what I'm predicting) I will enter and expect it to reach 0.70407 which will be my TP. I'm bullish biased with this pair because having a look at the chart in 1W short bulllish signs.
AUDCHF approaching resistance, look out for potential reversal!
AUDCHF is approaching its resistance at 0.69056 where it is could reverse down to its support at 0.68288.
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BULLISH ON AUDCHF This pair broke out bullish after reaching support ( the point where it started moving up) . We've currently seen price move bearish into what i'd see as a pullback with potential to for price to bullish again and create new highs toward the price level marked with the green line which is also our take profit level.
ENTRY - Grey line
STOP LOSS - Red line
TAKE PROFIT - Green line
Risk exposure - 1%
Happy trading all :)
AUDCHF - Long After a great short trade on AUDCHF this week, we are looking at a short-term long position on this pair after a clear rejection of the 0.68200 level and a break of the downtrend.
If price can pull back to 0.65520 and show a bullish rejection at this level then we will look to take a long position with stops and targets as shown for a 1% capital exposure and a 2% target.
Cheers, Paul.
AUDCHF - FOREX - 18. JUNE. 2019DACAPITALTRADING V2.0:
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1 HOUR
Very strong bearish pin taking out several long holders.
4 HOUR
Bearish market turning bullish now.
DAILY
Very strong support holding this level now, expecting prices to push up!
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FOREX SETUP
BUY AUDCHF
ENTRY @ 0.68350
SL @ 0.68040 (30 Pips)
TP @ 0.68880 (50 Pips)
RR: 1.70
Use normal Risk (1% per Position)
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN