The pair has hit resistance at around 0.691 area. If it is able to close below that area, we will be looking to open SELL positions and aim for the 0.682 area as our first target. On the other hand, if the price breaks the zone of resistance, we will be waiting for a retest of the broken zone before opening BUY positions🙌🏻
CHF pairs are very susceptible to spikes and for that reason, I will be expecting a spike above resistance before downside continuation into the level marked.
Again Price has reached to it's HH and descending trend is likely to happen.
As you can see price has increased a lot and up trend is closing to the end, then Short position is gonna be happen in 15 min time frame.
I'm looking for a retest of previous low. the R:R is amazing.
Hello Fellow Traders, Here is a Full Analysis on AUDCHF. i have linked my Previous AUDCHF Analysis for you review down Below :) The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar ,...
AUDCHF has come back to an area of interest and is reacting from this demand zone nicely. We're looking for buys here with targets to the upside. This could break the supply at the top and continue it's trend to the upside but even without breaking the supply, it's still a 1:6 setup.
target 0.69138 Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
Hi Traders, I would like to open Short Position in AUDCHF now, because this pair is on Weekly Support & Resistance Level, I am looking this pair to move downside because of Key Level, Fibo 78%, RSI Level and because of last week Engulfing Candle.
Hi Traders, This is our view on this cross for the next few days. #AUDCHF SELL 0.6865 SL 0.69 TP 0.68 We remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if the rules of our strategy are strictly respected. Eventually, any updates will be given in the comment section below
Even though we are generally in an uptrend, there are shreds of evidence that Buyers might have lost the steam that brought them this far as we await significant breakdown of neckline @ Fr0.68250 for confirmations that support Bearish bias. Tendency: Downtrend ( Bearish ) Structure: Reversal Pattern (Double TOp) | Trendline Observation: i. ...
If 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.
AUDCHF ANALYSIS Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
`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...
AUDCHF, Bullish Continuation, Strong Trend line!