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Audchflong

AUD/CHF quick trade opportunityHey everyone, just here for a quick trade opportunity on AUD/CHF. This is a really short and quick analysis, so act fast. Elliottwave analysis: It appears that we are stuck in some sort of triangle. we have just finished our wave C and are about to start the wave D to the upper boundary. For the target, I will be using the upper boundary line, and for the stop loss I will be using the lower boundary line. RSI analysis: The bullish divergence on the 1 hour RSI is telling me that we have most likely hit the bottom for the wave C and we are headed up to make the wave D. MACD analysis: The MACD analysis for the one hour is also telling me a similar story as the one hour RSI. we are seeing bullish divergence, and in addition to this, we have literally JUST seen a cross and are headed towards the positive side. Something interesting I have found, is that on the one hour macd, we have formed a triangle. I don't know the significance of this, besides the fact that if we break out of the upper boundaries, we are headed pretty far up. All in all, I would consider taking this trade. It presents a 4.4:1 risk to reward. The trade setup is as follows: Target 1: 0.6655 Stoploss: 0.64956 I might consider getting out once I have secured a 2% profit, but I will let you guys know. I am not a fan of holding positions for very long, but for now this is my trading plan.
Long
by Mika_k
1
AUDCHF long trade ideaPlan: wait for the price retracement --> (optional) wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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
Long
by GWBFX
AUDCHF Bullish Breakout...Ready for a move!!!Currently, we can see that price level broke out of both the trend resistance as well as a rather strong support level @0.6592. What we were able to see a is a strong BULLISH volume breaking through this 2 resistance level. What I will be waiting to see to enter a buy position is a retest to the broken resistance level which will be now our strong support level. After which, I see price level moving all the way to 0.6692 where a strong resistance level is at. If we were to see a breakout of that resistance level, I will price level may reach to 0.6900 price level. As of now, I will trade this BULLISH opportunity with a monitoring near the resistance levels. 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!!!
Long
by YGForex
AUDCHF H4 LONG PRICE ACTION FORECAST -UPDATE-From a higher time frame, the pair remains under bullish appearance as strong trendline support has been met recently, last week this long entry caught me already reaching my S/L level. Price is currently struggling with the descendent trendline, showing some exhaustion from bulls, now if the price gain enough force to break the trend line, a long entry could be placed The order: Type: buy-limit S/L: 74 pips - R:R | 1:2 - T/P: aiming towards the resistance
Long
by OGFXTRADER