AUDCHF / Long Trade Signal ✅💡Hello Traders!
This is my idea for AUDCHF. I expect a bull run until the resistance level at the price of 0.59400.
The price reacts perfectly from the supply zone, and I see the bullish candle as a confirmation of a long trade opportunity.
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Audchflong
AUDCHF - Capture Bullish Opportunity with Anti-Butterfly PatternTrend Analysis:
AUDCHF is currently exhibiting a Bullish trendline on the 4-hour time frame, indicating a favorable upward trajectory in the market sentiment. Additionally, the currency pair adheres to Dow Theory principles, further reinforcing the bullish bias.
Fibonacci Retracement:
A retracement to the 0.786 Fibonacci level has been observed, signaling a temporary pullback within the overarching bullish trend. This retracement was met with upward rejection, indicating robust buying pressure at this level.
Harmonic Pattern:
The AUDCHF pair has formed an Anti-Butterfly Harmonic pattern (XABCD), suggesting a potential reversal and continuation of the bullish momentum. Point D of the pattern serves as a significant turning point, indicating a high probability of a bullish move.
Trade Setup:
Based on the technical analysis, a prudent entry point is near 0.59175, aligning with the anticipated bullish momentum. A stop-loss order should be placed near 0.58852 to mitigate potential downside risk.
Profit Targets:
The first profit target (TP-1) is set at 0.59529, representing a conservative price level where partial profits can be taken. The second profit target (TP-2) is positioned at 0.59862, capturing additional upside potential as the bullish trend unfolds.
Conclusion:
In conclusion, the technical analysis suggests a favorable opportunity for a bullish trade setup in the AUDCHF currency pair. Traders are advised to closely monitor price action around the specified entry, stop loss, and profit target levels to capitalize on the anticipated bullish move effectively. As always, risk management remains paramount in executing successful trades.
AUDCHF On the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction.
On the lower time frames, we signs of a bullish correction forming though we do not yet have a clear confirmation. On the 4 hour,we have internal bullish structure with minor bearish correction. Once we have a clear break, we will go long on this pair targeting the previously mentioned imbalances.
FX Wars Episode 3 - The revenge of the AUD (vs CHF)As a wise trader once said:
"Trading is a simple game. What makes it so complicated is the presence of the SNB."
In short and simple terms:
I'm buying the AUD against the CHF for a long-term swing trade.
The reasons for this are short and sweet:
- As predicted back in February, Swiss inflation fell below 2% in July.
- As predicted, Swiss inflation fell much faster than the SNB had expected (currently at 1.4%)
- As predicted, the SNB raised interest rates for the last time in June and paused in September
- Tomorrow the SNB will not raise rates, but the market will start to price in possible SNB rate cuts for 2024
- My forecast: 1st rate cut by the SNB in 2024 will be by March or June
- As predicted in this trade idea, the Swiss economy is increasingly weakening and flirting very aggressively with a possible recession, which would seal 2-3 possible rate cuts in 2024
AUDCHF - Long from support ✅Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to go a little bit lower and then to reject from trendline + support + institutional big figure 0.58000.
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AUDCHF LongAUDCHF has seen the weekly chart respecting bullish discount arrays, in this case a weekly bullish FVG. I now anticipate price to seek liquidity above old weekly swing highs.
Price is showing strong willingness to trade higher on H4.
I want to see a retracement that respects H4 discount bullish arrays, to then hunt a M15 bullish displacement entry.
Target is the old weekly swing high.
AUDCHF Next Move ?Pair : AUDCHF ( Australian Dollar / Swiss Franc )
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure and Completed the Retracement
RSI - Divergence
CHoCH
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
AUDCHF I Potential rise to top of the channelWelcome back! Let me know your thoughts in the comments!
** AUDCFH Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDCHF - Manipulation expected ✅Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: As we can see here price is in a range for the last couple of days, so I expect we can see AMD pattern, price to manipulate sell side liquidity and to fill the imbalance, after that to distribute higher.
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Unlocking Bullish Potential: Gartley Pattern Analysis for AUDCHFHello Traders,
I've got an observation on #AUDCHF. As DXY shows bullish signs, we might see some bearish movements in CHF.
Right now, the pair is sitting on a strong support at 0.5735. This seems like a good spot for the final leg of the Gartley pattern, signaling a potential move to the upside. Keep an eye on it, though – if it drops below 0.5722, we could see a decline in the pair's value.
Cheers!
Half Way Between Support & Resistance 📚 An Orderbook AnalyticsHi, I think AUD could hit 0.579 on the AUDCHF market until 2024 Q1.
The price confirmed a bounce from the green support line. The next resistance is around 0.579. I defined these levels from the supply/demand view. These seem to be a level where many investors buy or sell. Precisely, investors keep buying or selling until the price hits either of these areas, and when it does, orderbook analytics suggest many now-open orders will fill and the market setup changes. If we appreciate a pullback to support, the potential profit could be up to +1% with a good 5.47 Risk-Reward Ratio.
Although I don't think the current price as an ideal entry, with or without a pullback to the support level, I have a bullish idea on the AUDCHF market for the upcoming two months.
(It is not an investment advice. My analytics are my subjective matter. Do your research, but feel free to extend it with my opinion as one from the many.)
- Essa
AUDCHF LONG Term Buying Trading IdeaHello Traders
In This Chart AUDCHF HOURLY Forex Forecast By FOREX PLANET
today AUDCHF analysis 👆
🟢This Chart includes_ (AUDCHF market update)
🟢What is The Next Opportunity on AUDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUDCHF LONG Term SELLING Trading IdeaHello Traders
In This Chart AUDCHF HOURLY Forex Forecast By FOREX PLANET
today AUDCHF analysis 👆
🟢This Chart includes_ (AUDCHF market update)
🟢What is The Next Opportunity on AUDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Daily Wave Rider - AUDCHF - BUYAUDCHF
Channel: GREEN
WK Pivot: GREEN
AOB: WR1
CON: SBB
BUY Stop: 0.58139
Stop Loss: 0.57379
TP01: 0.58899
TP02: 0.60419
DWR present as a buy setup on 2 NOV, with Channel and Pivot are green bouncing off weekly resistance line
However, trade is not taken/considered
SPX500: NEUTRAL
DXY: SELL
OIL: BUY
GOLD: BUY