The pair has made a HL and HH and entered into a correction phase. Here, it has made a Bullish Engulfing Pattern, indicating that correction is also done and its ready for another HH
The price is in the trading range
Back from the roof and waiting to reach the floor
Sell position in the direction of reaching lower levels can be logical
The price is moving according to a descending channel
Divergence can be seen at the last low and it is on the support level
Expect an upward movement to the specified levels.
Please leave your comments and suggestions in the comments section
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCHF pair price action which suggests a high likelihood of a coming move down.
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The price perfectly fulfills my last idea. The price broke through the support level. The market bounced off the channel border. I think it might go down from the resistanace zone and downward trendline because the trend is bearish on the D timeframe. The price is losing bullish momentum pulling back that potentially can lead to bearish move. My goal is the...
Hello trades,
This is my prediction of Audchf.
SHORT - 20 pips running profit.
Target TP1 - 120 pips
Target TP2 - 200+ pips
This setup only for BBMA traders and SND SNR Traders.
Hello,Traders!
AUD-CHF is trading in a
Downtrend and the pair is
Making a pullback from
The broken rising support
Which is now a resistance
And as I am bearish biased
I think that the pair will go down
Sell!
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In-flow, good location, respecting rollover structure, clear trap trigger
Well executed, good confidence
Good exit based on slowing and reversing signs of momentum
AUDCHF has recently broken and closed below a major rising trend line.
We see its retest today.
The price formed a descending triangle formation on that.
The neckline of the pattern was broken.
It is an important indication of the strength of the sellers.
I expect a bearish continuation now.
Goal - 0.5872
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FX:AUDCHF
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There are now two bottoms ahead of us at the price level of 0.5860-0.5870 at the four-hour level, in addition to the formation of a bullish candle in the presence of high volume trading, so it is expected to rise to the levels mentioned in the chart.
