AUDCHF trade ideas
Massive Buying Opportunity: Is a Move to 0.64 Next?This pair is shaping up to be one of my favorite trade setups: the trendline break and retest of the level/zone that broke the trendline.
Looking at the Monthly chart below, we’ve seen a significant downtrend for nearly two years that ended in February this year. At that time, I posted a buy setup, buying dips under 0.57 and targeting the 0.60 level as the first target.
This initial leg has now completed. As explained in the related post from February, after this leg, we would likely see a move back down to test the area that caused the trendline break.
This phase has now played out, and the next likely path is a dip back under 0.57, followed by the start of a new leg in the Monthly uptrend, targeting new highs and the Monthly sell zone starting at 0.63, where we’ll likely see selling interest.
Of course, we don’t just blindly enter when the price dips below 0.57. Instead, we wait for price action to give us cues that momentum is slowing down by zooming into the lower timeframes.
One of my favorite indicators for reading the slowing of momentum is the MACD indicator, specifically looking for divergence signals on the lower timeframes.
If you check the 4-hour chart below, you’ll see we are already starting to get divergence signals.
The 8-hour and 6-hour charts also show the same divergence signals, indicating that selling momentum is starting to slow down as we approach a key HTF area of interest.
What I expect next is a brief dip back under 0.57, followed by a surge higher. We may even dip a little lower towards 0.56.
I will use my TRFX indicator and patiently wait for buy signals on the 4-hour to 12-hour charts before starting to build my buying position.
The first target will be 0.605, and if this position plays out as expected, a clear move up to 0.63 is on the cards.
If you like the idea and found value, hit the boost button. Happy trading!
AUD/CHF SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are now examining the AUD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.592 level.
✅LIKE AND COMMENT MY IDEAS✅
DCF Bets: AUD-7/CHF+5Today's market indicates a Bull Trap (liquidity pattern) aligned with the direction of capital flow, making it advantageous for a short position on AUD-7/CHF+5 with a risk-to-reward ratio of at least 1:2. Additionally, a gap that is likely to be filled supports this setup. My total risk for this trade is approximately 5%.
AUDCHF Trade Signal: Buy OpportunityDear Traders,
We have identified a promising Buy signal for the AUDCHF currency pair. Below are the critical trade details:
- Enter Price: 0.57841
- Take Profit: 0.58061667
- Stop Loss: 0.57567667
Rationale for the Signal:
The trade opportunity has been identified using the EASY Quantum Ai strategy, which considers multiple factors:
1. Technical Analysis: The current price level suggests a strong support zone around 0.57841, which indicates a potential rebound.
2. Trend Analysis: A bullish momentum is observed based on recent moving averages and MACD indicators.
3. Market Sentiment: Following fundamental economic data, the Australian Dollar shows resilience, and risk sentiment favors a stronger performance relative to the Swiss Franc.
Given these factors, we recommend entering the market at 0.57841, with a target of 0.58061667 for taking profit and a stop-loss placed at 0.57567667 to manage risk.
Happy Trading!
Disclaimer: Please use this information at your own risk and ensure it aligns with your trading strategy.
AUDCHF: Bullish Reversal SetupAUDCHF: Bullish Reversal Setup
Overview
The AUDCHF pair has recently demonstrated signs of a bullish reversal following a strong bearish movement. This analysis explores the technical factors contributing to the potential shift from a downtrend to an uptrend.
Key Support and Resistance Levels
1. Support Zone:
- The price has found significant support at a key level, where previous lows have historically provided a solid foundation for price rebounds. This level has shown strong buying interest, indicating potential for a reversal.
2. Resistance Zone:
- The immediate resistance level above the current price is crucial for confirming the bullish trend. A successful break and close above this resistance could signal further upward momentum.
Technical Indicators
1. Relative Strength Index (RSI)**:
- The RSI has moved out of oversold territory and is rising, indicating increasing buying pressure. This suggests that the bearish momentum is waning, and the bulls are gaining strength.
Risk Management
Ensure to use stop losses and position sizing to align with your risk tolerance. Continuously monitor the market for any changes in sentiment or fundamental factors that could impact the trade.
This analysis provides a comprehensive view of the potential bullish reversal in the AUDCHF pair, emphasizing key technical indicators, chart patterns, and fundamental factors. By closely monitoring the identified levels and market signals, traders can make informed decisions and capitalize on the potential upward movement.
AUDCHF 29.7 - 5.8Hello guys, welcome to another analysis, this time AUDCHF. As you can see if you look on the chart, price took out the daily low and seeing that makes me question one thing: Is this objective completed for the price? Very likely it can be. On the 15min we already got the flip in structure, so I would like to see buyers come into the market and push the price higher.
If I don't post any analysis after this - I will post them soon. At the moment I am still on a vacation.
Blessings, T