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Audchfsetup

AUDCHF Short Trade Setup A #short trade opportunity recently presented itself on the #aussieswissy (#AUDCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.59973 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.57500 psychological level and possibly testing the strength of the 0.57380 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
1
AUDCHF - Potential Bullish OpportunityThe AUD/CHF currency pair has recently exhibited notable price action, presenting an opportunity for technical analysis. Employing harmonic pattern recognition and key support levels, this report aims to outline potential bullish movements and associated trade parameters. Harmonic Pattern Formation: A Harmonic Pattern (XABCD) has emerged within the AUD/CHF pair, signaling a potential reversal from the prevailing bearish sentiment. This pattern, identified at a crucial support area, suggests an imminent bullish trajectory. Key Support Area: The formation of the Harmonic Pattern coincides with a significant support level, adding credence to the potential bullish outlook. This confluence strengthens the likelihood of a reversal and subsequent upward movement in price. Technical Entry Strategy: Entry: Consider initiating a long position near 0.58778, strategically positioned to capitalize on the anticipated bullish momentum. Stop Loss: Implement a stop loss order at approximately 0.58274 to mitigate potential downside risk and preserve capital in the event of adverse price movements. Profit Targets: Target 1 (TP-1): Set the initial profit target at 0.59293, aligning with the expected bullish move following confirmation of the pattern. Target 2 (TP-2): Establish a secondary profit target at 0.59794, aiming to capitalize further on the anticipated upward price trajectory. Trade Management: As with any trade, it is essential to remain vigilant and adapt to evolving market conditions. Monitor price action closely, particularly the breakout of the bearish 4-hour trendline, as confirmation of this breakout will validate the bullish bias and support trade execution. Conclusion: In summary, the AUD/CHF currency pair presents a compelling opportunity for bullish movement, supported by the formation of a Harmonic Pattern at a key support area. By adhering to the specified entry, stop loss, and profit target levels, traders can effectively capitalize on the anticipated upward price momentum while managing risk appropriately. *Note: Trading involves inherent risks, and it is recommended to conduct thorough analysis and exercise prudent risk management strategies.*
Long
by MZ_FX_
2
AUDCHF - Capture Bullish Opportunity with Anti-Butterfly PatternTrend Analysis: AUDCHF is currently exhibiting a Bullish trendline on the 4-hour time frame, indicating a favorable upward trajectory in the market sentiment. Additionally, the currency pair adheres to Dow Theory principles, further reinforcing the bullish bias. Fibonacci Retracement: A retracement to the 0.786 Fibonacci level has been observed, signaling a temporary pullback within the overarching bullish trend. This retracement was met with upward rejection, indicating robust buying pressure at this level. Harmonic Pattern: The AUDCHF pair has formed an Anti-Butterfly Harmonic pattern (XABCD), suggesting a potential reversal and continuation of the bullish momentum. Point D of the pattern serves as a significant turning point, indicating a high probability of a bullish move. Trade Setup: Based on the technical analysis, a prudent entry point is near 0.59175, aligning with the anticipated bullish momentum. A stop-loss order should be placed near 0.58852 to mitigate potential downside risk. Profit Targets: The first profit target (TP-1) is set at 0.59529, representing a conservative price level where partial profits can be taken. The second profit target (TP-2) is positioned at 0.59862, capturing additional upside potential as the bullish trend unfolds. Conclusion: In conclusion, the technical analysis suggests a favorable opportunity for a bullish trade setup in the AUDCHF currency pair. Traders are advised to closely monitor price action around the specified entry, stop loss, and profit target levels to capitalize on the anticipated bullish move effectively. As always, risk management remains paramount in executing successful trades.
Long
by MZ_FX_
FX Wars Episode 3 - The revenge of the AUD (vs CHF)As a wise trader once said: "Trading is a simple game. What makes it so complicated is the presence of the SNB." In short and simple terms: I'm buying the AUD against the CHF for a long-term swing trade. The reasons for this are short and sweet: - As predicted back in February, Swiss inflation fell below 2% in July. - As predicted, Swiss inflation fell much faster than the SNB had expected (currently at 1.4%) - As predicted, the SNB raised interest rates for the last time in June and paused in September - Tomorrow the SNB will not raise rates, but the market will start to price in possible SNB rate cuts for 2024 - My forecast: 1st rate cut by the SNB in 2024 will be by March or June - As predicted in this trade idea, the Swiss economy is increasingly weakening and flirting very aggressively with a possible recession, which would seal 2-3 possible rate cuts in 2024
Long
by PrimeTrading
2
AUDCHF H4 / JPY Basket Bullish, Short Trade Execution💡Hello Traders! I expect a reversal on AIDCHF as it reacted twice from the OB H4. I see this move as a short trade signal. I expect the price to retrace until the OB level of 0.57500, representing also reh FIB 0.618 level. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
7 Dimension Analysis for AUDCHF 🕛 TOPDOWN Yearly: A robust and enduring bearish trend has persisted in this pair for the last 50 years. Monthly: The monthly trend aligns with the bearish sentiment, displaying some inside moves. Weekly: The market exhibits a strong bearish structure, currently within a descending triangle. 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Inducement: Completed 🟢 Impulsive Move: Initiated, indicating the opportune time to enter the market. 🟢 Support Breakout: A significant break of the long support level, accompanied by a major supply and distribution area. Support breakout; the CIP now acts as resistance. 🟢 Traps: Observations of fakeouts at the top and shakeouts. 🟢 Time Frame Confluence: 4H, Daily, Weekly, Monthly 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal patterns like Double Top, a bearish breakout from a Consolidation Rectangle, and continuation patterns like Shakeout Continuation. 🟢 CANDLE PATTERNS: Waiting for market open to observe specific candlestick patterns such as Gaps (Novice, Pro, Window), Kicker Sash, Separating Line, Hero, Piercing/Dark Cloud, and Open Low/High. 3️⃣ Volume 🟢 Fixed Range: Bearish volume dominating throughout the consolidation. 🟢 Massive Volume: Significant volume observed at the breakout level. 4️⃣ Momentum RSI 🟢 Zone: Entered the super bearish zone. 🟢 Range Shift: Confirmed a shift into the super bearish zone. 🟢 Loud Moves: Previous bearish entries initiated with loud moves. 🟢 Grandfather Father Son Entries: A 5-star bearish entry. 5️⃣ Volatility Bollinger Bands 🟢 Middle Band: Acting as resistance. 🟢 Contraction: Beginning, with a W pattern observed, though the overall trend suggests potential ignoring. 🟢 Dual Band Derivation: Supported. 🟢 Band Puncher: Indicating price consolidation in this area. 6️⃣ Strength According to ROC 🟢 Values: CHF stronger than AUD (6.55 vs. 1.14). 7️⃣ Sentiment If we combine and analyze all these parameters, it's evident that the pair is in a super bearish trend. Hence, the strategy is to wait for corrections and then seek selling positions. ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Short ☑️ Current Move: Impulsive ✔ Support Already Broke ☑️ Candles Behavior: Favoring sellers 💡 Decision: Aggressively sell 🚀 Entry: 0.5690 ✋ Stop Loss: 0.5801 🎯 Take Profit: 0.5356 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO 😊 Risk to Reward Ratio: 3 🕛 Expected Duration: 60 days SUMMARY: The comprehensive analysis indicates a super bearish trend. The strategy is to aggressively sell, considering the confirmed break of structure, significant supply, and distribution areas. The risk-to-reward ratio is set at 3, anticipating a 60-day duration for the trade.
Short
by Optimum369
Half Way Between Support & Resistance 📚 An Orderbook AnalyticsHi, I think AUD could hit 0.579 on the AUDCHF market until 2024 Q1. The price confirmed a bounce from the green support line. The next resistance is around 0.579. I defined these levels from the supply/demand view. These seem to be a level where many investors buy or sell. Precisely, investors keep buying or selling until the price hits either of these areas, and when it does, orderbook analytics suggest many now-open orders will fill and the market setup changes. If we appreciate a pullback to support, the potential profit could be up to +1% with a good 5.47 Risk-Reward Ratio. Although I don't think the current price as an ideal entry, with or without a pullback to the support level, I have a bullish idea on the AUDCHF market for the upcoming two months. (It is not an investment advice. My analytics are my subjective matter. Do your research, but feel free to extend it with my opinion as one from the many.) - Essa
Long
by Darthessa
2