AUDCHF is forming reversal formation for a movement to the downside. Expecting for a correction.
AUD/CHF make or break level, AUD/CHF is at important level Forming a Channel Pattern in daily TF. Let's see this sustain or not. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade, this post is for educational purpose only . warning :- do not jump directly or do not copy my trades DO your analysis properly
AUD CHF upside movement possible Buying above the 0.57423 Stoploss 0.57018 Target 0.58466
We saw AUDCHF Long Because, AUDCHF Descending Trend Line Breakout or Falling Wedge Breakout.
long on audchf long on audchf long on audchf long term channel breakout taking support from lower time frame
As Per Chart We Can See This Pair have Formed Double bottom And Also Given Breakout . So Now It could Be good Swing Trade For Buy Side With Stop loss Around 0.57624 . Disclaimer :- Trade With Your Risk management .
Based on the 30-minute timeframe chart, I formulated some valuable thoughts. Optimization theory is the reason why I prefer 30 minutes. Let's begin. It is a sell limit order if Point C in the simple ABCD pattern does not break again. In my opinion, simple things can be awe-inspiring. All the best.
After taking RR 1:1 , close half and then move SL to breakeven
AUDCHF is looking for long after forming descending channel lined up with the double bottom & forming steep formation for a movement to the upside.
Everything is going up, this is a positive day Right now forex markets are in consolidation and by 18:00 (+5:30) GMT everything will go up especially FX:AUDCHF OANDA:USDCAD
We saw AUDCHF Long Because, AUDCHF Make Double Bottom in 4H Time Frame.
Look for downside breakouts This range good as support and resistance.
FX: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....
Such a good price action and pattern let's see to going trade in our favor to good to practice on chart
AUD CHF downside move possible Selling below the 0.57233 Stoploss 0.57542 Target 0.56611