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Audchflong

AUDCHF 4 hours Long Entry in Week 11/12Buy opportunity seems to be coming up in AUDCHF The channel support was broken but slightly but now prices are back into the channel so potential upward move within the channel is a possibility We are wave C of Z in the daily correction channel Within wave C, it seems like wave 3 of wave 1 of C is almost complete. I would wait for completion of wave 1 and then wave 2 and buy in wave 3 of C. Buy Entry: 0.744 (above the estimated wave 4 of 1); this may change depending upon where wave 4 of 1 ends. Alternative buy entry can be above wave b of wave 2 of C Another aggressive alternative can be above wave 4 of wave c of wave 2. SL: 0.724 TP1: 0.762 TP2: 0.77 (just below 1.618 fibonachi extension level for wave 3) TP3: 0.776 (just below 38.2% extension for wave 5) The TP levels are based on the estimated end of wave 1 and retracement of 78.6% for wave 2. These may change depending upon the wave 1 and wave 2 end points To be confirmed before entry: Wave 2 has finished with a,b,c of 2 identified in 4 hrs or 1 hr chart. Identification of divergence b/w wave 3 & 5 of c of 2. prices closing above EMA Stoch 76,4,4 in 4 hours to be above 20
Long
by masood_bakhtyar
AUDCHF BUY R:R 1.9 Hi Guys, Looking at this chart and i found that there were a few things that supported my idea: 1. Support at 0.7245 and reversal has begun at the 4H TF 2. Previous support at 0.7146 was never achieved 3. RSI supports the upward trend I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here But my main target would be: T/P at 0.7605 (0.618 Fib) S/L at 0.7210 R:R at 1.9 Please don't risk more than 2% of your capital If there's no big news, this trade would look quite good Feedbacks are always appreciated Cheers!
Long
by jtanum
AUD/CHF long setupAUD/CHF has opened trade with a bullish gap up in the Asian session as markets open after holidays. The pair is hovering around major trendline resistance at 0.7635, breakout to see further upside. Technical studies support upside in the pair, price action has broken above daily cloud. RSI shows strength above 50 levels and is gaining traction. Momentum studies bullish. ADX and MACD also support upside in the pair. Support levels - 0.7604 (100-DMA), 0.7596 (5-DMA), 0.7570 (50-DMA) Resistance levels - 0.7651 (61.8% Fib retracement of 0.78 to 0.7417 fall), 0.77, 0.7715 (78.6% Fib) Stay long on close above 0.7635, SL: 0.76, TP: 0.77/ 0.7715
Long
by FxWirePro
1
AUD/CHF 200-DMA breakout, stay long Technical Studies: Bias Bullish - 200-DMA breakout - Tests 50-DMA resistance at 0.7574 - RSI and Stochs biased higher, RSI above 50 gaining traction - Bullish 5 and 20 DMA crossover - Bollinger bands widening Fundamental Studies: - Aussie continues to be supported higher, extends gains across the board on strong Aussie jobs data. - The ABS reported earlier today that the Australian economy added 61.6K jobs in November, beating consensus at 18K. - Full-time employment stood at 41.9k (prior 24.7k), while part-time employment 19.7k (prior -20.3k), while the participation rate ticked higher to 65.5 percent from 65.1 percent. - On Wednesday, Australia consumer confidence surprised to the upside. - The Westpac Melbourne Institute Index of Consumer Sentiment up 3.6% to 103.3 in December from 99.7 in November. - CHF extends weakness after SNB has kept its interest rates unchanged in its quarterly interest rate setting decision. Support levels - 0.7562 (38.2% Fib retrace of 0.77966 to 0.7417 fall), 0.7527 (200-DMA), 0.7506 (23.6% Fib) Resistance levels - 0.7574 (50-DMA), 0.7606 (50% Fib), 0.7650 (trendline) Good to go long on breakout at 50-DMA, SL: 0.7530, TP: 0.76/ 0.7650
Long
by FxWirePro