AUDCHF long setupEntry timeframe (4H) ()
- Double bottom followed by a bullish M without break of structure (SL below 1st low + at least 5 pips)
- Going BE once the 4H TP is hit
- Rounded bottom in the making
Daily timeframe ()
- Impulse/corection
- Inverse head and shoulders (valid after dissecting)
- Breaking out of the correction (90% rule kicking in: 90% chance of reaching the beginning of the correction
- Once the beginning of the correction is hit my trailing stop becomes active
Weekly timeframe ()
- Big bottom formation (multiple attempts to break the last lower low)
- Bullish fib within my correction (TP aligning with weekly S1)
- Bullish supply and demand zone
- First time break within my correction
3/4 (MS + MP/FIB/ZONE) + market psychology
AUDCHF trade ideas
AUDCHF Will Go Higher! Buy!
Here is our detailed technical review for AUDCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.573.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.576 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Falling towards the 38.2% Fibonacci support?AUD/CHF is falling towards the pivot which is an overlap support and could bounce to the pullback resistance.
Pivot: 0.57525
1st Support: 0.57174
1st Resistance: 0.57925
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Potential bullish rise?AUD/CHF has reacted off the resistance level which is an overlap resistance and could potentially rise from this level to our take profit.
Entry: 0.57510
Why we like it:
There is an overlap resistance level.
Stop loss: 0.57220
Why we like it:
There is a pullback support level.
Take profit: 0.57984
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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AUD/CHFOn Monthly, it made a Doji and pulling back down.
On Weekly, price is below 200, 50, and 20 EMA in the Rising Wedge formation.
On Daily, price is below 200, 50 and 20 EMA and hiting 0.57200 Psychological Support.
On 1H chart, price is below 200 EMA and it's hiting 50 EMA and upper trendline.
Overall, they are all showing continuation of Bearish move. I would watch 0.057200 Support to break and go Bearish.
AUDCHF What Next? SELL!
My dear subscribers,
This is my opinion on the AUDCHF next move:
The instrument tests an important psychological level 0.5778
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5747
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDCHFDISCLAIMER: I am not a financial adviser. those videos and posts on my channel are for educational and entertainment purposes ONLY. I'm documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility .
AUDCHF: 4H Golden Cross emerging. Buy opportunity.AUDCHF is technically neutral on the 1D (RSI = 49.632, MACD = 0.000, ADX = 25.946) and 4H timeframes alike as the price is consolidating on the HL trendline of a medium term uptrend. That uptrend is technically the bullish wave of the 3 month Channel Up. The pair is about to form a 4H Golden and last time this was formed on the bullish wave prior (Sep 23rd) the wave was only halfway through. The 1D MACD formed the usual Bullish Cross just after the bottom so we have all the technical validations to go long and target the R2 level (TP = 0.58700).
See how our prior idea has worked out:
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AUDCHF - INTRADAY IDEAExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
AUDCHF LONG ENTRY IDEAExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
AUDCHF FORECASTWe need to see some more development in this pair. Higher timeframe is looking very stromg for the sell and that is the reason as to why I am just looking this pair as a sell. Your patience is true judge of your trading results. Be patient because the market gives signal to every scenario it wants to develop. Patience is Key!