Expect bearish price action on this pair as price takes out liquidity above buy side liquidity and weekly lows which means market is due for a correction, we are in a bearish market strucutre. RISK OFF market sentiment that means CHF should be strong and AUD weak, we also took out liquidity above psychological barrier 0.66500
What do you think ?
". There is a possibility of temporary retracement to the suggested support line (0.6626).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. AUDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Expecting short entries on this area as price closed bearish imbalance on m30 and rejected a bearish orderblock on M30, also price took out liquidity above trendline that means market is due for a selloff.
What do you think ? Comment below..
Price should start the selloff from this area as liquidity has been taken above 0.66000 where a lot of stops resided. Rejected a nice orderblock bearish h4 area ( resistance) and confirmed with a strong bearish momentum, we have as well a trendline liquidity area where a of traders put their stops and price should go there, i target 4-5R on this trade.
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Here we have our AUDCHF chart.
This particular chart shows us a key lesson in trading. Price action..
We often want to see price action like this as it shows us the strong beginning of a trend and the rejection of a particular...
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Here we have our AUDCHF chart.
This pair has seen a huge drop over the last 7 trading days, taking us far away from key MA's and into oversold territory.
Price is now incredibly low for this period and therefore we are accumulating long positions for a gradual move up.
H4 time frame.
The double bottom reversal pattern and divergence signal from MACD appeared at the support area of 0.67000.
Wait for the pattern to complete and break the Key Level at 0.68100 and retest to find an opportunity to enter a buy order.
The profit target is the 0.69500 price...
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.
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
📈 AUD/CHF | Potential Upward Movement
💡 Buy Market Order @ 0.67901
🎯 Target Profit 0.68329
🛑 Stop Loss 0.67681
❌ Do not risk more than 1% of your account on each trade
The price found bulls around the 61.80% Fibonacci retracement level where it led to a breakout of the bullish flag formation to the upside. A lower correction could be posted...