Audchflong
⁉️ AUDCHF - Market AnalysisHello traders!
⁉️This is my analysis on AUDCHF.
Here we are in a range for couple of weeks, so we have 2 opportunities, if price breaks the resistance zone I will wait for a re-test before opening a long position. The second opportunity is for short if price rejects from resistance + institutional big figure 0.67000.
Like, comment and subscribe to be in touch with my content!
AUD/CHF Running In 40 Pips 0 Drawdown As Usual , Daily Update This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUD/CHF Finally Above Our Res , Giving A Good Bullish P.A This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCHF Probability double bottom formed long for 0.6950#audchf, 1st July average spread down bar closed towards the low. 4th July up bar broke previous bar high and closed off the high. Two bar reversal formed with 1st & 4th July bars. 0.6570-40 Demand zone for long, if fails to hold the demand zone then next level for long 0.65800-0.6480 with stop loss 0.6460 for target 0.6950.
AUDCHF LONGThe AUD is increasing in strength at the moment, as the S&P500 + SNPS (stocks) are also strengthening and we know AUD movement is strongly correlated with them. AUD is particularly strengthing against the dollar. Whilst CHF is weakening against the dollar and the majority of other currencies pairs.
Looking for a retest of the trend line before a break above, particularly with any bullish divergence on the RSI possibly higher to the next all-time high on the 4h chart
AUDCHF: Weekly Demand Zone 🧠Price has entered the weekly demand zone and slowed down in price luring in buyers.
However, many are not taking note of the incomplete compression within demand.
Because this compression is incomplete, I think we are likely to see a breakout trap followed by completed compression BEFORE we see any signs of buying pressure.
I will set alerts and sit on my hands until this pair is ready.
L et me know what you think in the comments.