Audchflong
AUDCHF long swing trade setupAUDCHF long swing trade setup based on falling wedge, double bottom respecting major support level, retest of support higher low, break of market structure high with bullish engulfing candle and strong green volume. This is a trend reversal trade and carries a high element of risk. Not financial advice.
AUDCHF Possible LongStart of the week, and we are expecting to get a a rise of the price in this pair.
We have two very strong Stress zones defined where the price have been bouncing.
The price will respect this zones for a while, and if we see a break to to the upside, we could enter in a long position with a Risk Reward ratio of 4.3 , However we have to wait for a confirmation before we enter .
Look for entry at 1H time frames !
Trade with care,
Best of Lucks,
Dracma Trading
AUDCHF - FOREX - 10. JUNE. 2019DACAPITALTRADING V2.0:
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1 HOUR
Very bearish market open and drop.
4 HOUR
Break below previous lows and support level, taking out several long holders.
DAILY
Good long entries with strong risk reward, Bearish market found support now and need a pullback!
FOREX SETUP
BUY AUDCHF
ENTRY @ 0.68890
SL @ 0.68660 (25 Pips)
TP @ 0.69290 (40 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
ALAN
AUDCHF - BULL MARKET PENDING AUDCHF Daily on left, clear demand zone
H4 on right, MACD convergence creeping in
Waiting for 0.68800 to be tapped off + price action to buy
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me
AUDCHF Major LevelAUDCHF has been travelling in a descending channel marked out in black. Price recently hit the top of the channel and has started making its way down, on its way it has formed another descending channel marked out in blue. Right now price is at a major support level, It has previously been tested in the past very strongly. If price breaks above the descending channel we could be seeing another test of this area and make its way back up, or it could break below this area, retest it before dropping to make Lower Lows.
Major Support zone HIT!AUDCHF price has bounced from the major support zone highlighted by the pink rectangle. It has also been travelling in a descending channel. We believe price will now make its way up to the zone shown above (0.70500), price has made a Higher High on the 4H chart, it will now move up, break above the descending channel , come back down to retest the channel like shown above before starting a bullish rally.
AUDCHF AT THE BOTTOM OF ITS TRIANGLE AUDCHF has been travelling in a triangle, and we have just experienced a rally downwards all the way to the bottom of the triangle, Price right now is at a major level as it is also near a major area of support marked out with a pink rectangle. Price right now could either break below the support area and out of the triangle to the downside or it could bounce from this area of support and continue travelling in a the triangle upwards.
For price to continue travelling in the triangle we will need to see some sort of bullish candle, Till then we are waiting.l..
LEAVE YOUR THOUGHTS BELOW....
AUDCHF approaching support, potential for bounce!AUDCHF is approaching our first support (horizontal swing low support, 100% Fibonacci extension) where strong bounce to our major resistance (horizontal overlap resistance, 50% Fibonacci retracement) might occur. Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF, Upside with the rest of the AUD pairsAussie looks good for some strength in the coming weeks, and the National election is at the end of this week, which will probably be the catalyst for anything big. This pair may stall for a little, and I would like a little more downside before I get in for buys. I am seeing something similar for AUDUSD also, did not work out the potential pips to the upside before posting this, but its a great amount and I love the probability right now.
AUDCHF - PULLBACK - 02. MAY. 2019WELCOME TO DACAPITAL-TRADING!
AUDCHF FOREX BREAKDOWN 02 MAY 2019
1 HOUR
Bearish open and movement this week
4 HOUR
Market taking out several long holders below previous support zone
DAILY
Bullish waving market with good long entrys!
PULLBACK SETUP
BUY AUDCHF
ENTRY @ 0.71260
SL @ 0.70620
TP @ 0.71980
(Use normal Risk!)
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