Audchflong
AUD-CHF idea! 💡💬
Hi traders.
I use the supply-demand method for my analysis.
I expect the price will reach the yellow box.
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What do you think about this setup?
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Everything I share is how I trade personally. 😉
Enter the trade by checking yourself.☑️
Do not put more than 3% of your capital at risk! ❌
AUDCHF 'Long' Trade IdeaA 'buy' trade opportunity presented itself on the AUDCHF trading chart, following the bullish pin bar at the end of a bearish run. The pin bar closed above the 0.68214 daily horizontal support level, signalling a rejection of the same level and providing a buying opportunity.
An RR of 7.38 is possible if you enter the trade at the 0.68452 price level, with your stop at 0.68162 (about 29.0 pips) and target at 0.70592 (about 214.0 pips).
Please check with your setup before placing any trade.
Happy trading!
AUDCHF | ENTERED IN SELLERS ZONEAUDCHF has once again approached to the sellers zone where price has been rejected in the past. We are expecting the same as the candlesitcks shows bearish sign.
One can remain in sell on strength untill the price passed the 0.70950 level. Alternatively, breaking above will be enough to enter long.
Thu 5th May 2022 Daily Forex Charts : 5x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 5x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CHF Buy, AUD/USD Buy, EUR/USD Buy, GBP/CAD Buy & NZD/CAD Buy. Just watch the correlation here when it comes to risk also. I also discuss some trade management from overnight. Enjoy the day all. Cheers. Jim
Jamie Gun2Head: Buying AUDCHFTrade Idea: Buying AUDCHF
Reasoning: Breaking out of ascending triangle. Looking for bullish momentum to continue.
Entry Level: 0.6925
Take Profit Level: 0.6980
Stop Loss: 0.6907
Risk/Reward: 3.06:1
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AUDCHF | SELL SIGNS!!AUDCHF | SELL SIGNS
AUDCHF has been in good bullish momemtum as it has broken down the overhead resistance (blue line). Recently price has reached the top which is the sellers territory. We have mutiple sells signs due to which we adopt bearish stance
a) Bearish Divergence
b) Strong Resistance
Trade your levels accordingly.
LONG ON AUD/CHFPrice has broken out of the resistance area of a long term downward channel at a major support area.
It has tested the same area as support and has currently been holding showing a very promising hammer candle.
Here is the play I will be taking on this pair:
P =0.69465
SL = 0.68865- 60 PIPS
TP = 0.70889 - 141 PIPS
AUDCHF | APPROACHING TO SUPPORTAUDCHF has been trading in bullish parallel channel, making higher highs and higher lows. The price got rejected at 0.70800 level where we see a double top formation.
Currently price is approaching to support zone area where battle between bulls and bears will decide the next move.
Trade your levels accordingly.
AUDCHF | BULLS ATTACKINGBulls in complete control in AUDCHF as it broke the recent high of 0.70500. The price action is retesting the breakout zone and expected to increase from here too.
It has the potential to move to the parallel channel top as highlighted with the arrow.
Trade your levels accordingly.
AUDCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDCHFHey traders, in the coming week we are monitoring AUDCHF for a buying opportunity around 0.688 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.