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Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
Notice: Waiting for confirmation. Momentum has been already stopped by sellers.
Point of Risk-Reduction: 0.66695
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 ?
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.
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Here is my analysis for AUDCHF for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area .
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL...
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AUDCHF , I think we are going to see a downward movement. If you are going to go short now, make sure to place the stop below the previous resistance area .
What do you think is more likely to happen? Please share your thoughts in...
H4 time frame.
A divergence signal with the MACD and a double top reversal pattern appeared.
Waiting for price to break Key level at 0.65300 and confirm retest signal, you can find selling opportunities.
Profit target is 0.64000 price area.
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.
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..
In this video we look at a potential AUDCHF short trade opportunity. I'm waiting for the break of the double bottom evident on the one hour chart, if we get a break and re-test I will be interested in shorting this given the bearish momentum showing in the charts. Not financial advice trading is risky please make sure you always have your risk management in place.
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.