AUDCHF - EXPECTING RESISTANCE BREAKOUTSymbol - AUDCHF
The AUDCHF pair is currently trading near a resistance zone between 0.5712 - 0.5725. The technical outlook remains positive, supported by the ongoing uptrend and the weakening of US dollar. After breaking through resistance, the price may retest the previously breached level, consolidate above it, and establish an interim low, signaling potential for further momentum.
From a technical perspective, attention is now focused on the resistance zone at 0.5712 – 0.5725 A breakout above this resistance zone could trigger further bullish momentum, with the price potentially reaching the trendline resistance at 0.5780 After that, I am expecting the trend to continue, potentially pushing the pair towards 0.5830 and beyond.
Resistance levels: 0.5727 (buy trigger), 0.5780
Support levels: 0.5675
Prior to breaking through the resistance, the currency pair may test the support level at 0.5675 However, a decisive move above 0.5727 could act as the catalyst for further upward movement, with the trend potentially continuing toward 0.5780 - 0.5830 and beyond.
Audchflong
AUDCHF - POSITIONAL LONG TRADE IN FOREX FOR HUGE PROFITSymbol - AUDCHF
AUDCHF is currently trading at 0.57300
I'm seeing a trading opportunity on buy side.
Buying AUDCHF pair at CMP 0.57300
I will be adding more if 0.56900 comes & will hold with SL of 0.56500
Targets I'm expecting are 0.58950 - 0.59550
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
AUDCHFFX:AUDCHF
As you can see that, AUDCHF Has created a Channel Pattern in 4Hr Time Frame and buy when it touches the drawn support level with a good rejection candle or creates hammer candle, If it breaks the support level then we can plan for sell side. This set-up is for monday (04-09-2023), Plan your trade accordingly....
AUDCHFWe saw AUDCHF Long Because AUDCHF Moved in Ascending Channel, and AUDCHF Bullish Trend, so we decided to Buy AUDCHF. We set our entry point at XXXXX, our stop loss at XXXXX and our take profit at XXXXX. We chose these levels based on the support and resistance lines of the ascending channel, as well as the bullish trend of the currency pair. We will monitor the market closely to determine when to exit the trade.
AUDCHF Long Intraday AUDCHF has been on a bullish run lately and expecting more of it on Friday. The ideal scenario would be a swipe of liquidity below the recent lows and tap into an order block. Confirmation of shift in structure on a lower time frame would trigger the entry for a minimum 3R. Lets see how this pans out.
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