AUDCHF - Support SweepIf we have successfully wiped out the support, we can expect an aggressive move to the upside, let's see how things open on Sunday night.
Audchfanalysis
AUDCHF an awesome short opportunity.. 18 Jan and beyond.The area marked (between 0.6930 and 0.6840) has been a strong support zone since Oct 2008. In July 2019 it became resistance and has held that role multiple times since then. As my weekly chart shows, price got to this level 2 weeks ago but last week it stalled here and we see a doji formation (indecision). I expect this resistance to hold and bearish PA to follow in the coming week.
I will enter a short below the low of last week candle with stop above its high. My initial target will be just above 0.6600 level with potential to go much lower. This is a weekly trade and patience is essential to see it through.
However, a break above the high of the indecision candle will negate my analysis.
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AUDCHF ANALYSISAUDCHF ANALYSIS
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AUDCHF BEARS COMMING`As we can see AUD against CHF standing near its Neckline and support. So we can imagine an H&S pattern and 3 times HIGHER HIGH and divergence in between PRICE AND RSI.
1st view. If we enter in 2nd shoulder so our SL can be 0.68868. But we are suggesting to use SL little big so we can follow both view.
2nd view. If we expect an other high so we will follow 2nd view risk reward ratio with smalest SL and biggest TP
AUDCHF IS GOING BACK TO THE RESITANCE ZONEAs you can see here, AUDCHF reached a major support, and it's more likely to bounce back to the previous resitance.
Trend : Up
Signals : Price Action & Volume
AUDCHF- Sell Short to Mid Time Entry 📌««««««Notice & Disclaimer»»»»»🔖
⭐️Must Be Follow Money Management. which means Must Be follow maximum 3% risk in your Account Balance.
⭐️When your entry hits the first TP profit, you will try to get out of the market. And if you wait for the another of taking Profit, then you will give your stop loss break even.
then wait for 2nd and 3rd TP.
⭐️All Analysis and Signal Only my opinion using my own Experience and Strategy. so, Trade your own Risk.
Thank you 😊
All Credit Rapid_Trading LTD
Bearish Crab PatternAUDCHF BEARISH CRAB PATTERN
Market Sell Order Set Up.
Sell Entry: (0.68719)
Take-Profit 1: (0.68350)
Take-Profit 2: (0.67968)
Stop-Loss: (0.69100)
Max Risk-Reward: (1.97)
Leave a Like and Comment, I appreciate every support. Goodluck.
AUDCHF: 361.8% Fibonacci Level Tested...BEARISH RetracementPrice level managed to reach 361.8% level. I am expecting resistance level @0.6828 to hold. As of now, I am seeing a retracement opportunity to the support level @0.6782. A rejection or a breakout from there will determine the direction for this pair. A rejection off this support level will show us a BULLISH continuation to test 461.8% level while a breakout could signal a potential movement back to a strong supply zone.
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AUDCHF Sell SetupTrend: Downtrend
Key Level: 0.67000
Entry signal: Waiting for price to pullback to previous key level and show bullish price action before taking shorts
AUDCHF Trade IdeaSame as AUDCAD, we broke a daily resistance, if we now come back to test around 0.67100 and confirm that this level holds as now support, i will enter a long position
AUDCHF BUYAUDCHF 4H timeframe analysis, the market structure is currently ranging so i'm expecting it to buy at support right now for +80 PIPs, but i'm waiting for price action signal and other confirmations before i buy it.
AUDCHF Bullish Momentum SwitchAUDCHF has just broke support and ascending trendline indicating that bullish momentum has switched. I'll be looking for a pullback to this previous level of support to see if this market can retest this level as new found resistance.
Target 1: 0.66000
Target 2: 0.65000
AUDCHF Buy LimitAUDCHF created a new HH and has pulled back to the 61.8 fib level that lines up with the most previously broken structure (The previous high) Price is now showing signs of small rejection, H4 is currently respecting this area as support. Previous H1 candle has broken previous resistance and created a HH. Limit order placed at the previously broken resistance.
