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AUDCHF

AUDCHF can move higher 🦐AUDCHF on the 4h chart is trading between the recent high and the 0.382 ina distribution phase. The market is creating a series of higher highs higher lows and according to Plancton's strategy IF the price will break above the resistance area i will consider a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
by InkyGrip
6
AUDCHF: Double bottom and potential Market Reverse! Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the AUDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: Since the end of 2020 and the beginning of 2021, the market after an initial strong bullish impulse, clearly visible in high timeframe, it started consolidating in a big expanding structure, which usually is both a bearish and a bullish pattern, depending on how the market breaks and eventually develop. During the last year, we can see how the price has been following a clear descending channel and currently broke a really strong and interesting support level at around 0.63790. In lower timeframe, structure within structure and few more bullish confluences could be a sign of a potential market reversal, which is our bias, considering the overall strong bullish impulse that preceded the HTF structure. When, where and why would we step into the market? Right now, the market is still developing price action and a long position with no a clear confirmation, could be risky and it could lead to many different losses in order to catch the right signal. A breakout to the upside of the minor structure inside the descending channel, it may be a first possible entry for a long position, eventually the RR is in your favor, otherwise, conservative traders could catch an interesting bullish movement after the breakout of the channel, targeting the top of the HTF structure. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
2