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.
0.58600 H4 support held the price and we can see bullish reaction. Price is now testing 0.59200 significant zone and I advise you to wait for a reaction. It is possible to see break, but keep your eyes on a potential bearish reaction to 0.59500 zone.
Dear Traders, the AUD seems to be gaining strength over the CHF
AUDCHF BUY NOW
STOP LOSS @0.58993
TAKE PROFIT @0.59362
TAKE PROFIT 2 @0.59504 ( Monitor price action around TP 1 first before deciding if Take Profit is worth waiting)
The price of AUDCHF pair break out of trendline.
The ema crossover show bullish momentum
therefore, i decide to take this trade based on
1) ema cross over
2) price break trend line.
my target is fibonacci retracement 0.786
my stop loss is be low ema
the risk reward ratio in this trade is 2
No clear trap
Extreme price sweep takes precedence over liquidity raids
Liquidity raids need fresh price initiations to run them
Exited trade and switched direction as the long idea looked more compelling
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about AUDCHF. AUDCHF has breaked the main Trendline. Now here it has maximum Chances we can see a good bullish wave here. We can see price around 0.6 soon. Keep in touch we will update further soon.
AUDCHF is on the decline after the price got rejected on the 1day MA50 last week.
The long term Channel Down pattern has considerable downside potential as each Lower Low leg has so far been at least -11%.
Sell on the current price and target 0.55000 (another -11% decline) at the bottom of the Channel Down.
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FX:AUDCHF
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Inverse Head and Shoulders has formed over the last few weeks.
Already we have had a breakdown below the neckline. This tells us supply and selling is high and mighty.
We can safely put a stop loss above the handle, as if it breaks above it would enter into a new uptrend.
Other indicators confirm downside.
200>21>7
RSI>50 (Lower highs)
Target 1.5535
Analysis:
Looking at the charts we can see that price seems to not know where it wants to go. One minute it's heading to the upside and the next it's heading to the downside. This can make it quite hard to trade during these times but we see a setup occurring on this pair. Price recently has been heading to the downside however we are actually bullish on this...
AUDCHF broke and closed below the previous structure low.
Price action has previously reacted to that level by pulling back from it.
The market created a breakout pullback continuation scenario.
We expect the price to keep falling.
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Hey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.59500 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59500 support and resistance zone.
Trade safe. Joe.
