AUDCHF Trading Ideas
1. Its in long time Down Trend, but we observe some
change of characters (CHoCH), we have to wait.
2. price is following fib levels
3. Price is in recent support and demand zone
(Expecting bullish if it takes the support)
(Expected bearish if breakour happens but we have to
wait for confirmation and retracement)
AUDCHF 4 Hour Analysis
1. creating triangle pattern
(Naturally we need to wait for break)
2. The prices are respecting the
Fib Levels
3. Inside candle formed (another filter)
Will wait for a proper break for entry.
1. AUDCHF showing divergence in 1 HR,
will wait for entry
2. A flag we can observe, so also we have
to wait for it to break.
3. We need to wait for either side
break
In the 30 minute chart, we have drawn a sliding parallel channel. It is apparent that the Swiss Franc is strengthening against the Australian Dollar. This fluctuation also correlates to the news of the UBS-Credit Suisse merger.
Anyone can open a short position and profit as long as price movements are contained within a sliding parallel channel.
Buy Entry On AUDCHF
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Buy Entry On AUDCHF"
(1) Entry Price - 0.63614
(2) Stop Loss - 0.63354
(3) Take Profit...
Buy Entry On AUDCHF
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Long Entry On AUDCHF"
(1) Entry Price - 0.63758
(2) Stop Loss - 0.63578
(3) Take...
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We 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...
There are several reasons for that:
1️⃣The price is trading inside the bullish wedge
2️⃣The price is trading above the lower border for the ascending channel
Wait for price to react on the lower border of the pattern before you go long on the pair
Targets: 0.64600, 0.64700, 0.64900
