AUD/CHF Breakout Alert: Bullish Setup from Descending Wedge!🔻 Pattern: Descending Wedge
📐 Formed by lower highs and higher lows.
🟡 Indicates price compression — often a bullish breakout setup!
🔼 Breakout direction expected: UP
🟦 Support Zone
📍 Located around 0.52614 – 0.53000
📉 Price bounced multiple times here — strong buying interest
🛡️ Acts as a demand zone
🟢 Entry Point
🎯 Entry range: 0.53000 – 0.53188
💥 Breakout candle appears ready to close outside the wedge
⚡ Momentum may be building for a push higher
🎯 Target Point
🔵 Target: 0.54450
📈 Near recent highs — aligns with pattern breakout projection
🎉 Aiming for a good profit zone
🔴 Stop Loss
❌ Stop loss: 0.52623
🛑 Below the wedge and support — protects from a false breakout
⚖️ Keeps risk-reward ratio attractive
📊 Indicator
🧭 EMA 70 (Red Line) at 0.53360
🔄 Price hovering near it — crossing above = bullish signal
📌 Trade Setup Summary
🔸 Pair: AUD/CHF
🔸 Timeframe: 4-Hour (4H)
🔸 Pattern: Descending Wedge
🔸 Bias: Bullish
🔸 Entry: 0.53000 – 0.53188
🔸 Target: 0.54450 🟢
🔸 Stop Loss: 0.52623 🔴
✅ Conclusion
🚀 If price breaks above the wedge and EMA, this could be a high-probability long trade.
📏 Tight stop, wide target = good risk/reward setup!
Audchftradeidea
AUDCHF BUY SETUP FOUNDas we can see that audchf is came to the weekly and daily support level also we can see on m30 timeframe that market has broken trtendline ,
what i want from audchf is if audchf come to retracement on trendline than i will love for buy audchf, i think this will be great setup for live audchf signals for forex