CHFAUD trade ideas
longresistance line has broken and although a head and shoulder pattern seems to appear I believe the bears won t be able to drive the price in the previous low.
0.56-0.55800 might be touched.
it s a 4h chart so the boundaries are not tight. price will be expected to fluctuate before start rising. I am with the buyers
AUDCHF LONGAs we can see AUDCHF was in down trend for some time , we saw price broke through the bearish trend line to the upside , then started creating HH and LH , price came back to the zone that It broke to retest cause we saw that price never retested ever since it broke the trend line, now we will be buying it on the retest . feel free to leave a comment on what you might expect from audchf.
AudChf looks like a great shortThe longer term shows a clear downward trend. Price was unable to Breakout 0.87ish area & broke down 200dma (best benchmark). Yesterday a kangaroo tail formed near 200dma resistance. This is a great Low Risk Entry Point for a short swing position. Risk-Rewaed Ratio is the best it can be. If 200dma is violated and price cleses above I would consider a Long Position
AUDCHFHere we come, today, 11 January 2025. I learnt that my girlfriend has other two boyfriends she has been hiding from me, Im so heart broken as we speak but I decided to go face the charts just to relax my mind a bit. So here Im strongly for bulls, however in the short run, where Bears are indicated on this RSI Divergence, sell cautiously. With the green pen, Ive spotted a Cup and Holder pattern seeming to unfold if we open the markets with strong buyers, lookout for the resistance breakout of the cup's handle and buy cautiously. With the reds, its purely Supply nd Demand, Support and Resistance.
AUDCHF Forecast: A Buy Signal to ConsiderThe AUDCHF currency pair is sending promising signals for traders inclined to take long positions. With a current entry price of 0.56511, this trade setup highlights a solid buying opportunity.
Analyzing the market conditions through the lens of the EASY Trading AI strategy, we see that the momentum may favor upward movement. The upcoming Take Profit level is set at 0.56645, granting a potential reward that justifies the risk. On the flip side, the Stop Loss level is established at 0.56356, safeguarding your investment against unexpected downturns.
A few key factors support this bullish outlook. The recent market sentiment indicates increased demand for the Australian dollar amidst a stabilizing economic environment, while the Swiss franc is facing headwinds due to ongoing policy adjustments by the Swiss National Bank. This scenario typically sets the stage for currency pairs like AUDCHF to appreciate.
Additionally, GBPCHF has shown correlations that tend to sway in the same direction as AUDCHF during similar market cycles. Trends tend to reinforce each other, enhancing the validity of trading signals generated by EASY Trading AI.
For traders aiming to capitalize on short-term fluctuations, managing your entry and exit points effectively is crucial. Leveraging tools from our trading bots can help automate this process, ensuring you don't miss profitable opportunities while also mitigating risks.
Stay informed, and happy trading!
Lingrid | AUDCHF potential CHANNEL breakout. ShortThe price perfectly fulfilled my last idea. It hit the target zone. The overall trend for FX:AUDCHF remains bearish, particularly after recently bouncing off a resistance zone following the formation of a head and shoulders pattern. Additionally, the market has broken below the previous day's low after a daily long-tailed bar, which indicates rejection of higher prices. Given these factors, I believe the market is positioned to break through the lower boundary of this channel, potentially signaling a continuation of the bearish momentum. My goal is support level 0.56150
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCHF 3H LongAUD/CHF 3-hour chart shows a potential continuation of the short-term uptrend as the price trades above the Ichimoku cloud (Kumo), supported by the Tenkan-sen (red line) and Kijun-sen (blue line) trending upwards. The price has rejected the 0.618 Fibonacci retracement level and is holding above the 0.5 level, indicating strong bullish momentum. A buy entry near the current level (0.5670) is valid, with a hard stop-loss at the 1.0 Fibonacci level (0.5635) to minimize risk and a take-profit target at 0.5720, aligning with the recent swing high. Volume confirms buyer strength, and a sustained close above the 0.382 Fibonacci level would further validate the setup.
[Vienmelodic] AUDCHF - 3 Jan 2025 SetupAUDCHF Are making 2 important moves, both Ema's and bearish Structure are now broken. Spotted demand area (Green Rectangle). its the first demand area from a long bearish.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic