Similar to the EURCHF, we can see price bouncing off a decending trendline and making the move lower There is divergence on the lower timeframes which could indicate a fall on this pair as well I believe we will see a break in support and a retest before a drop to support
Wait for support to be broken, previously at this level price took a drop to support so I see this happening again very soon
I see the same thing happening the last time this level was reached, waiting for confirmation then will be selling to support
Once price breaks from the trend line we will sell down to the target area There will be several pullbacks and it may take a few weeks if not months to get there but its a nice profitable trade for those who don't want to look at charts all day!
Hello guys, here is the trade plan for AUDCHF. Entry details are on the chart. If you guys like this trade plan please hit like. Good Luck.
From a higher time frame, the pair remains under bullish appearance as strong trendline support has been met recently, last week this long entry caught me already reaching my S/L level. Price is currently struggling with the descendent trendline, showing some exhaustion from bulls, now if the price gain enough force to break the trend line, a long entry could be...
This pair has been beaten to death.. it started to rise but its about to be pushed back down again... poor thing Once support is broken SELL IT AUDCHF - SELL SL - 0.65699 TP - 0.62442
Price action in a bullish bias from a general outlook, expecting the retest from the support trendline or breakout from the resistance level of 0.655 handle to capture the uptrend continuation with a long entry. The order: Type: buy-limit S/L: 62 pips - R:R | 1:2.5 - T/P: aiming at the key support line by the blue dotted line
Hi Here you can see R zone that became S zone and where the price could go and where we can expect a revers or little range situation . Hope you can understand :) . Fundamental data can change the situation very fast in our current time .
With price bouncing apart from a rising trendline from D1, it has found consolidation form the Fib level 5.0. Overall looking for the pair remains bullish. In H4, now, price action pulled back towards the trendline support, re-testing the support line at 0.6457 handle, expecting the price to re-test the same level before its bullish continuation allows a long...
With price bouncing apart from a rising trendline from D1, it has found consolidation form the Fib level 5.0. Overall looking for the pair remains bullish. In H1, MACD bullish bias supports the short trend. Now if price action can manage the breakout of the current level a buy-stop entry can be placed, allowing the following setup: Price action in a...
AUDCHF set SELL Limit @0.6570 SL 0.6660 TP 0.6430
Although price action was able to bounce back from the 50EMA, the bearish momentum in the pair remains. MACD is showing a strong downtrend momentum for bearish bias confirmation. To capture this bearish bias, a sell-top entry could be placed, allowing the following setup. Price in consolidation after a bounce from EMA The order: Type: sell-stop. S/L: 63 pips -...
After the bullish rally in the pair, a correction should come. Now, expecting price action pullback to trigger buy-limit order, allowing the setup to claim profit right at the next resistance level with the R:R | 1:2 Price action has been bouncing from the 50EMA, so the 3rd bounce is the charm. In the D1 timeframe, the price has been bullish, finding resistance...
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AUD rose up pretty massively in the past few weeks, but it doesn't change the fact, that price action from Monthly perspective is still very bearish.
I am shorting the pair because price action is very bearish and there are strong support and two beautiful trendlines guarding the area