We have observed two significant developments on the AUDCHF chart. The market has broken through and closed below a strong upward trend line and an important horizontal support level. These broken structures now form an expanding supply area. We can expect a further downward movement towards the 0.5828 level.
Price created a double top and appears to be creating lower highs and lower lows on smaller time frame so we can hopefully see this pair trend down.
Account FP - #1080732 AUD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.59273 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.59118 which is a level that aligns with the 61.8% Fibonacci retracement level. Take profit 1 is at 0.59427...
A double bottom pattern recognized on AUDCHF with clear divergence on the 4H timeframe indicating the price can break previous lower high and the pair can go in a strong downtrend. Placing ssell stop, stop loss and Take profit 1 & 2 according to the books. Hope we catch good pips on this
On the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction. On the lower time frames, we signs of a bullish correction forming though we do not yet have a clear confirmation. On the 4 hour,we have internal bullish structure with minor bearish correction. Once we have a...
Price Flow Strategy-1hr FLOW (Daily/4hr): UP flow (1hr): down i-Flow: I believe the intention for the upside FLOW is to resume (see chart) entry (15min/5min): Always set SL.
AUDCHF Buy at HL (also 0.5 FIB intact) SL , TP mention in chart
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...
In the 4-hour time frame, AUDCHF has recently reached both the trend line and the Ichimoku cloud. This confluence suggests a bullish outlook, with potential for further upside movement. The initial target for this upward trend could be around 0.60400.
- The market has been trading inside a bullish channel since the end of February ; the mid-term bullish. - The bounce back over the 0.5915 zone has recently ended the very short-term corrective move. Since then, the market registered a bullish acceleration towards its last top at 0.5989. Both moving averages remains bullish, but the MACD indicator shows a...
I've been studying Elliott Wave Analysis and I somewhat understand it. If possible, please provide any advice using this strategy please in the comments sections below. Now, if my analysis is correct then price has complete wave b and will go on to create wave c. I have placed target points below as TP1, 2, & 3. I selected these areas because of my...
Price has broken out of weekly trend line and has also broken the weekly swing high, will be looking for longs if the price taps bullish zone. Based on just technicals.
Hey traders, this is Rogue_Trader007. I have spotted AUDCHF as a good BUY because it has a strong support level at 0.786 Fib level, which is also a hidden Divergence when combined with 14 period RSI. This makes a great entry as it usually shoot towards the 1.272 Fib level. Making this a strong BUY. Enjoy following this idea and remember that patience is key in FOREX.
#AUDCHF UPDATE Hey team we are here to update about AUDCHF. AUDCHF has crossed the main resistance level. Now this is exactly on the way to our main target. In this move we can see gain upto 200Pips+ . Always trade with Confidence
AUDCHF is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
In the 30-minute time frame, AUD/CHF has recently breached a key resistance level. Following a brief pullback, we anticipate a bullish movement towards the target of 0.59880.
Good evening traders!! I hope you all are having a beautiful trading week so far, this is my latest analysis on USDCHF at the week is starting!!
Price is on a bullish trend, the retracement at OB and liquidity sweep is used to confirm entry, additional confluence is pivot point.