AUDCHF has broken the bullish parallel channel and recently retest it. We have bearish stance in this pair now with sell on strength strategy.
Trade your levels accordingly.
Price has broken out of the resistance area of a long term downward channel at a major support area.
It has tested the same area as support and has currently been holding showing a very promising hammer candle.
Here is the play I will be taking on this pair:
P =0.69465
SL = 0.68865- 60 PIPS
TP = 0.70889 - 141 PIPS
AUDCHF has been trading in bullish parallel channel, making higher highs and higher lows. The price got rejected at 0.70800 level where we see a double top formation.
Currently price is approaching to support zone area where battle between bulls and bears will decide the next move.
Trade your levels accordingly.
Bulls in complete control in AUDCHF as it broke the recent high of 0.70500. The price action is retesting the breakout zone and expected to increase from here too.
It has the potential to move to the parallel channel top as highlighted with the arrow.
Trade your levels accordingly.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hey traders, in the coming week we are monitoring AUDCHF for a buying opportunity around 0.688 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUDCHF has been trading in falling trendline and price drop sharply. On charts we have bullish divergecne and price action can break trendline as well. We are expecting price to increase from here and make new highs
Trade your levels accordingly
Aussie is still gaining strength against the Swiss Franc. I believe that we should continue looking for more bullish opportunities in the coming weeks.
In the previous week, the price has closed above a Quarterly High a confirmation that the Bulls are in full control. Join the Bulls. Like and Subscribe.
Hey traders, in today's trading session we are monitoring AUDCHF for a buying opportunity around 0.696 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Hello Traders,
Hope you are having an amazing week.
Above is my analysis on AUDCHF , overall perspective is very BEARISH .
Expecting this level of supply to hold !
Always move stops to breakeven after +25 pip moves
Looking forward to see how this plays out.
Thank you for your support,
ETGL TEAM 💛
Hey traders, in the coming week we are monitoring AUDCHF for a buying opportunity around 0.688 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUDCHF LONGTERM
I support the sale process AUDCHF and wait for TP1. If TP1 is exceeded, wait for PULLBACK and then enter TP2 (but I don’t think it will go down to tp2, but it remains a possibility) and buy from tp1 or tp2 and wait for your profits at the indicated price.
Hey traders, in the coming week we are monitoring AUDCHF for a buying opportunity around 0.68 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
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Here we have our AUDCHF chart..
On the current fall we can start to look long at market memory zones. Scale in lightly on strong Falls.
Look to exit at early resistance.
