AUDCHF is testing the resistance zone , which is the consolidation border.
Price action has previously reacted several times to that zone.
The market is pulling back against the major bearish trend .
We anticipate a downward trend.
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Now, in 4 hours time, with the failure of the B static area, it was able to stabilize the higher ceiling, 4 supports have been identified.
1-0.64047
2-0.63094
And
Areas A and C of the pattern are 0.62167 and 0.61653
The current range from which we had a decrease around 0.65366 can also act as a resistance in the return to the top.
Then the range of X pattern...
AUDCHF is testing the resistance zone , which is a psychological level of 0.65000.
Price action created divergence at resistance.
The market is overextended, so there's going to be some pullback from the resistance.
We anticipate at least a 50% retracement of the X-A move.
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I am taking a sell on AUD/CHF if price can get into this area in the london session. London Session for me begins at 6:00am UTC Time. No Entry is valid until this occurs... Invalidation would be if price trades into this area after london session close (11.01am) UTC time.
pair is getting weak from high resisted area where resistance push the price downside and now it is coming towrads down trendline where chanace to get support its also moving within a channel on smaller time frame. on trendline zone i am expecting again strong within a coming days
Here is my idea for AUDCHF on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders!
‼️ This is my perspective of AUDCHF .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect bullish price action from here as price rejected from bullish orderblock + institutional big figure 0.63000.
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as we see we moved from bearish momentum to bullish momentum
waiting for the backtest then we'll search for buying opportunities.
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don't forget your risk management
follow for more :))
AUDCHF is trading and moving in the ascending channel .
The market could not break and close above the major resistance level 0.65000.
Price action creating a triple top is another indication that the price will go down.
We expect a breakout of the channel and a retest of the support level and dynamic support.
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Hello traders!
‼️ This is my analysis of AUDCHF .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to go higher for a new BOS.
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Hello guys, it's Ray.
last week, I've posted a analysis about this chart, currently it's going our way.
if you want to check my previous idea you can check it.
we will monitor this chart around our TP 1 for another short opportunities
According to SMC , We have a trade entry for short on AUD/CHF pair as following :
ENTRY @ 0.63886
SL @ 0.64050
TP @ 0.63392
RRR : 1:3
GOOD LUCK GUYS ...
