AUDCHF : LOOKING FOR GREAT SHORT OPPORTUNITY!AUDCHF is looking for great short opportunity for this week, charts looking sharp for the sell side, Proper risk management can make the things properly work.
AUDCHF trade ideas
good selling opportunityas it is very near to its resistance point there is a very good short sel opportunity
AUDCHF : LOOKING FOR SHORT OPPORTUNITY!AUDCHF is ready to kickstart at 2021, Has the ascending channel fill in it with double rejection at the top, Can trade for this upcoming week, All need a proper risk management & to take the entire move to the downside, AUD seems week across the board. So can take the opportunity for the short! Happy New Year everyone.
💡 Two buy opportunity in AUDCHF, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6428).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.6595
TP2= @ 0.6715
TP3= @ 0.6815
TP4= @ 0.6881
TP5= @ 0.7020
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6493).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCHF is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.6585
TP2= @ 0.6623
TP3= @ 0.6677
TP4= @ 0.6740
TP5= @ 0.6818
SL= Break below S2
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GREAT OPPORTUNITY TO MAKE PROFIT AMID MARKET UNCERTAINITY AHEAD AUDCHF have broken above a descending broadening wedge chart pattern. The upbeat market mood supports AUD against the Swiss currency helping investors to make good profits. Additionally, technical indicators such as RSI and Parabolic SAR also support this upwards move.
SELL AUDCHFThe AUDCHF is trading inside a descending broadening wedge chart pattern and the prices have retraced from the latest resistance level. Thus, there is an optimal sell opportunity in the pair. The technical indicators such as parabolic SAR and RSI also support a downward revision.
AUDCHF in Rising Wedge.AUDCHF has been spotted in rising wedge which is a bearish pattern with bias to break to the downside.
Entry is around 0.65650 and take profit at 0.65350, roughly around 30 pips profit.
Good luck!
Tibor
AUD/CHF, H4 Price is currently at this key levePrice is currently at this key level which was previously a resistance zone but we can now see price is treating it as support. We can see the price has been respecting these levels, as looking at the arrows, we can see how many times the price reversed after reaching these levels. Price is already showing rejection, as we can see a bullish hammer candle formed right before the market close. Looking to possibly go long until 0.669, around 100 pips profit
looking for short after a possible rangei am looking for a range.. the digestion process is completed and now i'm looking for a range before going short here
AUDCHF analysisLooking for trades on Support and Resistance at 4 hour time frames.
Follow the Yellow drawing.
AUDCHF Update: Profit=1160 pip SL=450 pip Reward/Risk > 2.6:1 Trade Setup summary:
Profit targets=1160 pip (75 + 155 + 250 + 305 + 375)
Stop Loss =450 pip
Reward/Risk > 2.6 : 1
Current Status:
Total Profit: 424 pip
Closed trade(s): 72 pip Profit
Open trade(s): 352 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 0.6655 touched at 2020.07.21 with 72 pip Profit.
Open Profit:
Profit for one trade is 0.6671 (current price) - 0.6583(open price) = 88 pip
4 trade(s) still open, therefore total profit for open trade(s) is 88 x 4 = 352 pip
Break Even 0.658
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.658) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
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Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.658). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
Rising wedge with in a bear flag pattern Price has formed a larger bear flag suggesting drop in price.
To add more confluence to the setup it has formed a rising wedge pattern as well inside the bigger bear flag.
Rising wedge also has competed with the 3 touch confirmation.
