Audchfshort
AUDCHF and Sell Area (27/7/2020)Please fill the lines..!
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
AUDCHF - SWING - 08. JULY. 2020Welcome to our weekly trade setup ( AUDCHF )!
-
1 HOUR
Bearish price action after taking out previous highs.
4 HOUR
Sideways market structure at its top, expecting a reverse shortly!
DAILY
Overall good short entries, prices too high.
-
FOREX SWING
SELL AUDCHF
ENTRY LEVEL @ 0.65380
SL @ 0.65650
TP @ 0.64950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDCHF short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDCHF SELL ideaI was stopped out of this previous trade however I saw an opportunity for a re entry. I haven’t had the best of luck recently as a new trader I’m working on my craft. I see a good sell opportunity on AUDCHF and is demonstrated on daily level too. It’s got a lot of room to go down and despite a jump out of the channel it is still in continuation of its downtrend. I’m entered currently and running profit.
My SL is currently 0.6555
with no current TP but I will be monitoring this trade and perhaps look into holding over the weekend/next week depending.
Trendline Break & Retest | SELL LIMITAUDCHF broke out of the ascending trendline on lower time frames and is currently trending within a parallel descending channel. Looking to open shorts on a pullback towards the 0.5 inner fib retracement zone - which outlines perfectly with our broken trendline.
If we fail to see a rejection/bounce from the LL of the descending trendline, cancel order.
UPDATE: AUDCHF Currently at Sell Zone!!! Short Opportunity!!!Just a update from my previous AUDCHF analysis. (Link to that analysis is below) Alright, we can see AUDCHF now moving towards two strong resistance level: trend resistance and resistance level @0.6588. Having said that, I will be seeing a nice risk to reward trade for AUDCHF. First Level we have to keep a look out will be support level @0.6355. Having said that, if we were to see a BEARISH movement, I believe this level will be broken heading towards a strong support zone (Green Zone), at which price level will be at 38.2 fib level, strong support @ 0.6235 as well as heading towards the trend support level. My trade entry TP and SL is as above. Follow at your own risk, YGForex will not be liable for any loss in trade signal.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!