CHF/AUD – Breaking Out of Triangle with Target in Pink ZoneThe CHF/AUD is breaking out of a triangle, and my target is the pink zone, which I've identified as a key resistance level. This could also be a good area to take profits.
Strategy: I’ll be watching the breakout and aiming for the pink zone as a profit-taking area.
CHFAUD trade ideas
Falling towards overlap support?AUD/CHF is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.57788
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.57576
Why we like it:
There is a pullback support level which aligns with the 88% Fibonacci retracement.
Take profit: 0.58096
Why we like it:
There is an overlap resistance level.
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AUDCHF - Short TradePrice swept liquidity, made a false breakout of the 1D swing, and closed below.
After that, we have a break in market structure, which shows us sign of weakness on key level.
That's why there's a higher probability of seeing prices lower at FTA (first trouble area) as next liquidity level.
Keep it simple and consistent!
Ascending TriangleGood day traders. update on AUDCHF. As we can see we have an ascending triangle formation, because we have a bullish bias on this setup we will be looking for any bullish patterns signaling Buys. So please trade with caution because this pair can be quite aggressive and has quite a big spread so use proper risk management.
Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.5817
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.5869
Why we like it:
There is a pullback resistance level.
Take profit: 0.5751
Why we like it:
There is a pullback support level.
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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.
Support and ResistanceGood day traders, i hope you have all been well. Lets get into it. In the chart above is an update to the AUDCHF setup we have been following the past few weeks. As we can see that price respected out support and is headed for our resistance indicated by the first red rectangle and i believe price is going to break these resistances and continue pushing up and this is due to technicals and pair correlation. find Buy entries that accommodate your trading accounts.
AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
AUD/CHF is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.575.
✅LIKE AND COMMENT MY IDEAS✅
AUDCHF, preppin for a 'more than average' UPSIDE!AUDCHF based on weekly data is registering heavy accumulation at the current price range of 0.60.
All confluences are UP for this pair -- meaning all technical confirmations is hinting towards generous UPSIDE.
When weekly data shows his intent, he will do it.
Spotted at 0.600
Initial target at 0.65 +
TAYOR
safeguard capital, always.
Bullish FlagGood day traders, i hope you have all been well. Lets get into it. As you can see on the chart above of AUDCHF we have a bullish flag, basically we have a range inside a range, so since we had agreed on the fact that AUDCHF is bullish it's safe to look for buy. Find entries that accommodate your accounts.
AUDCHF shorts How's it going fellow traders!
Just entered a short on AUDCHF . Rationale for entering - Daily momentum was shifted bearish back and only recently was price action revealing weak bullish structure indicating further continuation. I have entered on the 1H break and retest of the last higher low.
Lets see!
Will betaking profits along the way down.
Shorting the last legHello traders,
I'm currently short on AUD/CHF
Pointing out the confluences below:
- PA tapped into the previous lows (corrective squeeze)
- Impulsive breakout of the squeeze
- PA formed a 3-touch continuation pattern and closed with full PA on the 4H
- Potential 3-touch expanding which leads to a area of value (previous volume was triggered.
Managing accordingly if we break out.
Bearish drop?AUD/CHF has reacted off the pivot which is a pullback resistance and could drop to the 1st support which acts as an overlap support.
Pivot: 0.57992
1st Support: 0.57304
1st Resistance: 0.58703
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