CHFAUD trade ideas
AUDCHF Trading Plan - 28/Aug/2022Hello Traders,
Hope you all are doing good!!
I expect AUDCHF to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
AUDCHF Analysis UpdateWe forecasted and shared our view of AUDCHF. Where we were looking at 2 possible areas from where we can get into a short position. As the first area was violated the second and premium area worked out as we wanted.
Not only that, the market gave multiple opportunity to enter the trade ✅
The analysis gave us -
117+ PIPS, 1:4.6+ Risk to Reward Ratio!
AUDCHF trade opportunitiesAUDCHF trade opportunities
AUDCHF is currently on a support line it can move on any side I have mentioned in the chart in the direction of the market. if the market closes outside of the mentioned area then find Price Action signals on a Lower time frame with good risk rewards.
AUD/CHF Start of 5th wave(Bearish Scenario)ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Alternation rule so Triangle pattern time consuming pattern formed.
Wave "5" : Motive wave 5th wave going to start again. (Invalidation level or stop level clearly mentioned in the chart)
Kindly hit the like button to forecast the chart like this further
AUDCHF Update + BreakdownEven though Our initial POI that we showed, from where we wanted to sell was invalidated...
But the bearish structure was not violated yet!
We had a level market 'Untouched OB-' . Where the market could still come
and create the lower high from there. So, what price did was - it created internal liquidity
which helped to generate enough liquidity for strong bearish move.
Price came to the untouched OB and created the last lower high before it dropped hard 🔥
AUDCHF Trading Plan - 31/May/2022Hello Traders,
Hope you all are doing good!!
I expect AUDCHF to go down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea