AUDCHF - Fibo Retracement TradePrice made a pulse to the upside with 3 consecutive candles and made return from Fib (0.318)
Fib (0) is broken, after candle close, I will be looking at a retest on Fib(0) for entry
AUDCHF trade ideas
AUDCHF likely to move downwardsAUDCHF has been in an uptrend and following an upward trendline in H4 for the last two months. It broke out of the trendline, has retested it, and formed bearish candles. It's likely to continue moving downwards in a bearish trend.
AUDCHF: Important Bullish BreakoutAUDCHF is currently in an uptrend, having recently broken and closed above an important intraday horizontal resistance level.
The previously broken resistance has now become a support level, with the price currently retesting this level.
There is potential for the market to continue rising, with the next resistance level being at 0.5930.
AUDCHF: Important Breakout 🇦🇺🇨🇭
AUDCHF broke and closed above a key daily horizontal resistance.
The broken structure turned into support now.
The market may keep growing.
Next resistance - 0.5909
❤️Please, support my work with like, thank you!❤️
AUDCHF - Fibo Retracement TradeUp move with all green candles, retracement with red candles. fine retracement on Fib (0.5).
Strategy based, Fib (0.318) retracement is mostly expected, but this one has a perfectly alligned Fib (0.5 retest).
Price broke above Fib (0) and I'm waiting for a retracement on Fib(0) for entry
AUDCHF 4H Analysis: Bearish DivergenceAUDCHF's recent trend exhibits bullish behavior with prices achieving higher highs above the R1 monthly pivot, suggesting strength. However, beneath the surface, signs of caution emerge.
The Commodity Channel Index (CCI) displays lower highs, creating a bearish divergence against the price's higher highs. This divergence hints at weakening upward momentum, urging traders to stay vigilant.
Further signaling a potential shift, the Moving Average Convergence Divergence (MACD) teeters on a bearish crossover . Such a move could forecast a momentum downturn.
Additionally, an untouched monthly pivot at 0.58496 beckons, potentially drawing prices down in a correction.
Compounding the cautious outlook, the Relative Strength Index (RSI) retreats from overbought territory , aligning with indicators suggesting a cooling phase may be on the horizon.
In essence, while the bullish trend above the R1 pivot indicates strength, emerging signals from CCI, MACD, and RSI suggest a momentum shift, with a pullback to 0.58496 as a conceivable target. Traders should monitor these developments closely and adjust strategies accordingly.
Could AUDCHF reverse from here?Price is rising towards a resistance level which is an overlap resistance level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.58668
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.59335
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement
Take profit: 0.57816
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUD-CHF Potential Short! Sell!
Hello,Traders!
AUD-CHF is going up now
But the pair will soon hit
A broken support line
Which is a resistance now
And after that I will be expecting
A local move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Week 17 Analysis (22Apr) + Week 16 ReviewWelcome Fellow Traders!
Tech Analysis for the coming week + review of the current!
Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned!
If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!
AUDCHF Is Very Bearish! Sell!
Please, check our technical outlook for AUDCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.584.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.581 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
✅AUD_CHF BEARISH SETUP|SHORT🔥
✅AUD_CHF broke the rising
Support then went up to
Retest it so I think that
We will be seeing a
Local bearish move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
AUDCHF-Beasrish Trend continuesThe pair is in Downtrend making LL and LH. The pair made a sharp dip after breaking LL and bouncing back again and almost at complete retracement. A short entry can be placed at fib level of 0.786.
AUD/CHF - Bearish Outlook Near Key ResistanceOverview:
The AUD/CHF currency pair is currently encountering a significant resistance area, coinciding with the formation of an XABCD harmonic pattern. This convergence suggests a potential bearish movement in the near future.
Entry Point:
Consider initiating a short position near the level of 0.59700. This entry point aligns with the technical resistance and the anticipated bearish momentum.
Stop Loss:
Place a stop loss order at approximately 0.59962 to mitigate potential losses in case of a reversal or unexpected market volatility.
Take Profit Levels:
1. TP-1: Set the first take profit target at 0.59462 to capture initial downward movement and secure profits.
2. TP-2: Aim for the second take profit level at 0.59220 to capitalize on further bearish momentum.
3. TP-3: The third take profit target is located at 0.58970, reflecting a deeper potential decline in price.
Risk Management:
It is essential to adhere to proper risk management principles, ensuring that the risk-to-reward ratio is favorable for each trade. Adjust position sizes accordingly to align with individual risk tolerance and overall trading strategy.
Market Monitoring:
Continue to monitor the AUD/CHF pair closely for any signs of reversal or deviation from the anticipated bearish trajectory. Adjust stop loss and take profit levels accordingly as the trade progresses.
Conclusion:
Based on the technical analysis and the identified resistance area along with the XABCD harmonic pattern formation, a bearish outlook is favored for the AUD/CHF currency pair. Exercise prudence and discipline in executing the trade plan outlined above, while remaining vigilant to market dynamics and potential developments.
AUDCHF - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level + institutional big figure 0.59000.
Like, comment and subscribe to be in touch with my content!
AUDCHF I Triple bottom and potential bullish continuation Welcome back! Let me know your thoughts in the comments!
** AUDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
AUDCHFwhat are the odds that this pair will reach those zones. we are a key level. we have a brreak of market structure
AUDCHF - Potential Bullish OpportunityThe AUD/CHF currency pair has recently exhibited notable price action, presenting an opportunity for technical analysis. Employing harmonic pattern recognition and key support levels, this report aims to outline potential bullish movements and associated trade parameters.
Harmonic Pattern Formation:
A Harmonic Pattern (XABCD) has emerged within the AUD/CHF pair, signaling a potential reversal from the prevailing bearish sentiment. This pattern, identified at a crucial support area, suggests an imminent bullish trajectory.
Key Support Area:
The formation of the Harmonic Pattern coincides with a significant support level, adding credence to the potential bullish outlook. This confluence strengthens the likelihood of a reversal and subsequent upward movement in price.
Technical Entry Strategy:
Entry: Consider initiating a long position near 0.58778, strategically positioned to capitalize on the anticipated bullish momentum.
Stop Loss: Implement a stop loss order at approximately 0.58274 to mitigate potential downside risk and preserve capital in the event of adverse price movements.
Profit Targets:
Target 1 (TP-1): Set the initial profit target at 0.59293, aligning with the expected bullish move following confirmation of the pattern.
Target 2 (TP-2): Establish a secondary profit target at 0.59794, aiming to capitalize further on the anticipated upward price trajectory.
Trade Management:
As with any trade, it is essential to remain vigilant and adapt to evolving market conditions. Monitor price action closely, particularly the breakout of the bearish 4-hour trendline, as confirmation of this breakout will validate the bullish bias and support trade execution.
Conclusion:
In summary, the AUD/CHF currency pair presents a compelling opportunity for bullish movement, supported by the formation of a Harmonic Pattern at a key support area. By adhering to the specified entry, stop loss, and profit target levels, traders can effectively capitalize on the anticipated upward price momentum while managing risk appropriately.
*Note: Trading involves inherent risks, and it is recommended to conduct thorough analysis and exercise prudent risk management strategies.*
Bullish Harmonic PatternFormation of a bullish harmonic pattern,
clearly indicating a bullish move in the future
a breakout of my current minor resistance (with retest)
will be my confirmation
Long AUD/CHFIn day time frame, the AUD/CHF is showing divergency in RSI. SlowStoch and RSI are both in over sold level and turned with same timing.
The price is moved out from a middle term down trend line, and it is supported by previous Triangle pattern bottom line level. It is not bad to try long based on the patterns.
AUD/CHF short to 0.56(4/16/2024)Today after China's economic data, the Market is betting dovish on AUD.
We believe the price has made an ABC correction and it likely started the next downward impulse wave Confirmed by a broken trendline.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
LONG AUDCHFLows got taken out
Liquidity grab all over the place
H4 structure still intact (H4 low = pivot point)
Target / SL as indicated
6:1 RR
Trade safely!
AUDCHF Bearish Breakout! AUD-CHF was trading along
The rising support line but
Now we are seeing a
Bearish breakout and the
Breakout is confirmed so
I think that we will see
A further move down !
AUDCHFAUDCHF is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
