AUD/CHF BUY/LONGBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bullish sentiment prevails.
Audchfbuyzone
#AUDCHF 1DOn the daily chart for AUD/CHF, the support level is identified at 0.56100, indicating a potential area where buyers may step in to prevent further declines. The price could find a base here before possibly moving upwards.
The target levels are set at 0.58000 and 0.65000. These are key resistance areas where the price might face selling pressure. If the price breaks through the first target of 0.58000, it could indicate continued bullish momentum towards the second target of 0.65000. Keep an eye on any market catalysts that could affect this trend.
7 Dimension analysis for AUDCHF 😇 7 Dimension Analysis
Analysis Time Frame: Daily
1: Price Structure:
The current price structure is bearish, characterized by a Breakout from Sideways (BoS) behavior. The move is impulsive and nearing completion, with a major weekly demand area acting as support. The inducement is not yet confirmed, and there have been 3 pullbacks during the last corrective leg. Notably, there are no unmitigated order blocks during the entire impulsive leg, indicating no significant resistance until the Choch level. Confluence is observed on the daily, weekly, and monthly time frames, with a demand zone present in the same area.
2: Pattern
🟢 TREND LINES:
Trend lines are acting as resistance levels, and a closing above them will provide final confirmation.
🟢 CHART PATTERNS:
A potential Head and Shoulders pattern is forming, but a massive volume and engulfing bar at the last leg's low point add complexity. Additionally, there is a weekly liquidity sweep and a Fakeout Within 1 Bar pattern. These patterns suggest that the price may move sideways from here to form a proper demand base.
🟢 CANDLE PATTERNS:
A Change in Guard pattern appeared at the bottom, indicating a potential reversal.
Momentum (Engulfing) occurred with massive volume, adding to the potential bearish reversal signal.
Momentum Fakeout Reversal also occurred with significant volume.
A Narrow Range is forming with 3 candle squeezes yet to be confirmed.
The last corrective and current impulsive candles are inside the reversal candle.
Today's session opened low but experienced bullish control throughout the day.
3: Volume:
Volume on the Fakeout is good, indicating significant market interest.
Volume on the demand is heavy at the initial point, showing strong buying activity.
4: Momentum RSI:
🟢 Zone: The RSI is currently in a sideways zone.
🟢 Range Shift: Initially sideways to bullish.
🟢 Divergence: Hidden divergence with low momentum observed. Momentum has been holding in the bullish zone for a prolonged period.
5: Volatility Bollinger Bands:
🟢 Middle Band: A resistance breakout will be crucial for the initial upside move.
🟢 Squeez: Just started, suggesting potential low volatility ahead.
🟢 Headfake: Only one candle so far, not yet confirmed.
6: Strength ADX:
The trend is currently bearish. But initial reversal can start from this zone
7: Sentiment ROC:
The rate of change indicates that AUD is gaining strength.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Current Move: Impulse Move with one Choch.
✔ Support Resistance Base: Weekly support area and Fakeout.
☑️ Candles Behavior: Engulfing pattern making a valid low
☑️ FIB Trigger Event: Activated.
☑️ Trend Line Breakout: Confirmed.
☑️ Final Comments: Consider buying as an initial test entry.
💡 Decision: Buy
🚀 Entry: 0.5850
✋ Stop Loss: 0.5795
🎯 Take Profit: 0.6090
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 5 Days
Summary:
The analysis suggests a bearish price structure with an impulsive move nearing completion. Various chart patterns and candlestick formations add complexity to the overall scenario. The RSI indicates a sideways zone, and the ADX confirms the bearish trend. A potential bullish entry is identified based on the current move, support resistance, and FIB trigger event. The risk-to-reward ratio is calculated at 1:3, and the expected duration for the trade is 5 days.
AUDCHF swing buy setupAUDCHF is at the invalidation point where the buy setup is triggered and tested after bearish daily structure been broken past weeks.
AUDCHF BUYPrice has been making higher highs and higher lows after the break of the bearish structure, right now price has come back to the last higher low to get liquidity for the development of a new higher high.
AUDCHF | Price closing to Demand ZoneWhen it comes to AUDCHF , I think you might get a short sell opportunity and buy opportunity based on the current price range. If the Demand zone S1 holds the price you may take the buy position and target T1. And also, don't forget to place the stop below the Demand Zone to reduce the risk.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDCHFHello. I predict that after the price reaches the leading resistance, it will return to its previous floor in daily time
AUDCHF time to buyHi fellow traders, buy AUDCHF and take profit at previous top.
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AUDCHF Got Rejected From a Strong Support Zone
Welcome back Traders, Investors, and Community!
Hi Traders, AUDCHF on H4 has got rejected from a very strong Support zone, after several long wicked candles at 0.6911 it’s expected to go up to 0.6976
⬆️Buy now or Buy at 0.6911
⭕️SL @ 0.687
✅TP1 @ 0.6976
✅TP2 @ 0.7031
✅TP3 @ 0.7096
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
AUDCHF LONGlooking to take this entry on the 1hr time frame we can se that price has come from an impulsive push to the upside breaking through previous resistance,
price is currently in a symmetrical triangle structure that has made multiple touches respecting the trend lines
the current price action price has just made a second touch to the bottom trend line and formed a inverse head and shoulders indicating a push to the upside.
to confirm this entry i have waited for a impulsive candle and now currently seeing a 1hr tight flag with multiple consecutive candles.
target 1 will be looking at the orange box near the prevous high near a fib resistance level
foregoing the final target will be the top orange box at the .618 level
audchf trade setupbullish bat trade setup. don't forget that tp price may change according the reversal price
BuyIMPORTANT
use position size calculator, do not risk more than 1%
move SL slightly below 2-day low as soon as new D1 candle closes
AUDCHF Double Bottom, Bullish Ignition - Long OpportunityThe price made a double bottom and now, already have a higher high. Just broke the down trend line and the lower time frame resistance. I`m waiting for correction to go long!
AUDCHF - buying opportunityAfter the false breakout today tomorrow going only bullish .
Low risk high reward.
Best of luck :-)
