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TECHNICAL ANALYSIS:
Since the beginning of December, the price got a stronger trend correction, moving up trying to reach the resistance level at about 0.68256.
Once it...
Same 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
📌««««««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...
AUD - BULLISH
1️⃣ Sentiment for the US Dollar cooled on expectations that incoming Biden administration would ramp up US distribution of coronavirus vaccines and spend big on more stimulus, which will contribute to a global economic recovery and increased demand for commodities.
2️⃣ The bob vacancies in the Australia surged 23.4% to hit an all-time high in the...
AUD - BULLISH
1️⃣ Prime Minister Scott Morrison said Thursday that the country's regulator is expected to approve the use of Pfizer's COVID-19 vaccine by the end of January, with the first doses issued within weeks.
2️⃣ The positive risk tone boosted the antipodeans.
CHF - BEARISH
1️⃣ The positive risk tone pressured the safe-haven...
Price may go upto resistance (upper red line) then break the resistance and go up higher till the reward price or will RETEST back to the support zone(lower red line).
Good luck following this pair :)
On timeframes >= H1 we are on a bull run.
On timeframes < H1 we can see that we've broken structure by violating a minor resistance line towards the upside of our trend channel.
It has been retested and appears to be working as a new resistance.
Longs can be placed with SL in line with wicks of most recent retests.
Personally I'm going to set one up for the scalp...
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
AUD/CHF: Daytrade-Preparation
Market-Buy: 0,67175
Stop-Loss: 0,66820
Point-Of-Riskreduction: 0,67450
Take-Profit: 0,67960
Stop-Loss: 35 pips
Risk: 0,5% - 1%
Risk-Reward: 2,23
...
AUDCHF 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.
The counter has been in a 5-wave bull cycle.
Now, it is in the wave 4 phase which results in a bearish correction.
Hence, we expect the pair to be bearish in the near-term.
