CHFAUD trade ideas
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....
AUDCHF 4 Hour Analysis (1st August 2023)AUDCHF 4 Hour Analysis (1st August 2023)
1. Price is in downtrend
2. We can also see bullish divergence in
Stoch
3. If the price breaks the trend line we will
wait for bullish entry
4. If the price respects the supply area
then we can expect again down movement
5. So, we will wait for any entry
AUDCHF 4 Hour Analysis (3 July 2023)AUDCHF 4 Hour Analysis (3 July 2023)
1. Price is in a strong base, if the base
breaks upside, it can become demand,
else, this can become supply
2. Also, we can see a bearish divergence
with Stochastic and also the Stochastic
is in overbought area
3. So, we can wait and enter (preferred
entry bearish but we have to wait)
AUDCHF 4 Hour Analysis (27 June 2023)AUDCHF 4 Hour Analysis (27 June 2023)
1. Price is in one trend, also there we can see
two situations,
Case A: price is in trend so, again it can bounce
Case B: price is having bullish Divergence
so, both the cases pointing bullish move
2. Also, next if price breaks the key level
properly, then we can wait for a retrace to
enter short position.
AUDCHF 4 Hour Analysis (20 June 2023)AUDCHF 4 Hour Analysis (20 June 2023)
1. Price is in a long consolidation or range
2. when the price will break the range
we can expect a movement
3. Also, we can see divergence in
AO and MACD
4. The MA is also near the price, so
according to the consolidation breaking we
can expect a move
5. expected move is Rally Based Drop
AUDCHF 4 Hour Analysis (15 June 2023)AUDCHF 4 Hour Analysis (15 June 2023)
1. Price is still in bullish trend
2. We can expect some retracement
before another bull run
3. Retracement level can be till the
trend line or MA line
4. If price breaks MA or Trend, we have
to wait for another retest to enter
bearish position
5. Also we can see the bearish divergence
with AO
AUDCHF 4 Hour Analysis (14 June 2023)AUDCHF 4 Hour Analysis (14 June 2023)
1. Price is in bearish divergence with AO
2. Also, now we can see consolidation
3. We can observe some important
Fib retracements
4. If the consolidation breaks, we can observe
some bearish entry but we have to
take confirmation from Fib