Overview: 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...
🕛 TOPDOWN Analysis - Navigating Crucial Support Levels Overview: The monthly perspective reveals a historical support level established in March 2020, where strong buying interest persists. Recent monthly candles, with wicks and a liquidity sweep, suggest a potential consolidation phase. On the weekly chart, a descending triangle formation is evident, indicating...
AUDCHF is at the invalidation point where the buy setup is triggered and tested after bearish daily structure been broken past weeks.
AUDCHF have retest the price for descending wedge. try this opportunity
AUDCHF Here we go. Here is my setup for this pair. I'm waiting for retest for best entry and safety. If you have any idea leave comment below. Glad to hear that. For another Chart & Education you can message me. Cheers
IMPORTANT use position size calculator, do not risk more than 1% move SL slightly below 2-day low as soon as new D1 candle closes
Pattern confirmed tp1: 0.7259 tp2: 0.7314 sl: 0.7143
Short-term Trading Idea For today - AUDCHF is approaching support where we expect a bounce above this level
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Forgive me I am not specialist when it comes to knowing all the bullish and bearish pattern formations YET. But it has been in a clear bullish channel for a while now. But recently its created higher lows and highs. It can continue to rise up as I have drawn. I can tell it is in a breakout formation to the upside or down is too early to tell.