AUDCHF LONG - Buy Entry - H4 Chart
Entry Price: Buy @ Market
Stop Loss: 0.67117
Take Profit: 0.67941
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The trend for AudChf is clearly bearish and the pair fell 700 pips since the end of February to the end of August.
The rally started after the recent low is just a correction to the overall trend and we can consider this correction over at this moment.
If we look at the daily chart we can see that the recent rally reversed from a very strong confluence resistance...
As the daily chart shows, this pair has resumed the downtrend already. Note how the 200 SMA repeatedly held price at 0.6900. The best entry would have been in that 0.6900 region but that does not mean we cannot get on this train now.
We need a pullback to get a good entry and if price pulls back to the 0.6800 area, that would be ideal. I like that location...
After a successful short that I signaled, now it's time to buy. I marked the zone earlier, the price is already there. I did not have time to open a trade but I am waiting for the price to return to the buy zone and I will open a position
HTF analysis shows a very nice inverse head and shoulders pattern with the neckline recently broken. A huge upside potential is possible and this seems to be the perfect trade for swing traders and position traders alike. Good Luck!
AUDCHF has broken structure to the upside. We can see the HTF structure is looking to make a HH.... but my team is looking for the "return to impulse" that comes after a BOS. We want to trade that short.... down to the demand... where price will make a HL.. Then the team will look for the buy there, and take it to the following HH.
Check out the vid if you're...
6th of October AUD/CHF broke the long-term descending trendline and started an uptrend. AUD/CHF is holding above the descending trendline and forming a bullish pattern. Right now, AUD/CHF is stuck into a triangle. Breaking above 0.6870 will confirm the bullish breakout and triangle.
The first target to the upside is 0.6960/6970, Price Zone.