AUDCHF: 18/10/2023:🔴Sell opportunity
Well, you can see important supply zone ond bearish order block on the chart.
In these zones we can search for a low time frame confirmation.
Please pay attention to the details.
💡Wait for the update!
🗓18/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
Audchfsignal
DeGRAM | AUDCHF breakout, pullback and continuation opportunityAUDCHF broke and closed below the consolidation zone.
Price action has previously reacted to that level by bounceing off it.
The market created a breakout pullback continuation scenario.
We expect a retest of the resistance, a 38.2% fibo level, and trend continuation.
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DeGRAM | AUDCHF trend continuation opportunityAUDCHF broke and closed below the consolidation zone.
Price action has previously reacted to that level by bounceing off it.
The market created a breakout pullback continuation scenario.
We expect the price to keep falling, completing the AB=CD pattern.
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DeGRAM | AUDCHF bearish opportunityAUDCHF is approaching the resistance level and fibo golden zone.
Price action has previously reacted to that zone several times and dropped from it.
The market is pulling back against the major bearish trend.
We expect the price to retest support.
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DeGRAM | AUDCHF channel breakoutAUDCHF tested the resistance zone and sold off.
Price action broke and closed below the ascending channel.
On the D chart, the market made a pullback, and most likely, the trend will continue.
We anticipate a breakout and continuation of the trade opportunity.
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7 dimensions analysis for AUDCHF 🕛 TOPDOWN Analysis - Preparing for a Potential Reversal
Overview: The market is showing signs of a potential reversal, with the yearly low almost confirmed. A long-wick pinbar, often indicative of retests and undercuts, has appeared. Vigilance is required for any reversal candles on lower time frames. On the monthly time frame, a robust demand area marked by a significant pinbar and heavy volume at the bottom suggests a potential reversal. The monthly close also forms a monthly engulfing candle, and the last liquidity sweep is evident. The weekly time frame corroborates the notion of a confirmed low and an inducement at a critical first-order block. This marks the third pullback and hints at a weak impulsive leg. Additionally, the weekly record session count aligns with this analysis.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Indicative of a Breakout from Sideways (BoS).
🟢 Swing Move: The corrective move has nearly reached its target level.
🟢 Inducement: 50% correction completed.
🟢 Internal Structure: Awaiting high confirmation.
🟢 Supply Area: Located here.
Key Points:
Trendline breakout is awaited.
Resistance with a liquidity candle.
A fake breakout with a V-shaped move in the extended market.
No follow-through at resistance, marked by a strong reversal candle at the Change in Polarity (CIP) area.
2️⃣ Pattern
🟢 CHART PATTERNS
Continuation
Rising Wedge
Shakeout Continuation
🟢 CANDLE PATTERNS
Notable Observations:
Record session count after strong bull session candles, followed by a reversal candle.
A long-wick, strict candle.
Momentum indicators indicate both a fakeout and FOMO.
Further insights may emerge during opening sessions.
A blended combo of 2 classic reversal patterns.
3️⃣ Volume:
Volume during the fakeout was not substantial.
4️⃣ Momentum RSI:
🟢 Zone: Superbullish
5️⃣ Volatility Bollinger Bands:
🟢 Middle Band: Signifying a reversal expectation.
🟢 Walking on the Band: Possibly in the final stages; a minor correction may be in order.
6️⃣ Strength ADX:
Bulls are currently dominant, with a minor correction noted.
7️⃣ Sentiment ROC:
The AUD is stronger than CHF.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Current Move: Corrective at the daily master time frame and impulsive at H1.
✔ Support Resistance Base: H1 trendline is broken.
☑️ Candles Behavior: Momentum-indicated corrections.
☑️ FIB Trigger Event: Completed
☑️ Trend Line Breakout: Confirmed
☑️ Final Comments: Sell for correction.
💡 Decision: Sell
🚀 Entry: 0.5870
✋ Stop Loss: 0.5933
🎯 Take Profit: 0.5751
😊 Risk to Reward Ratio: (Ratio not provided)
🕛 Expected Duration: 1:2.32 (Risk-Reward ratio not specified)
SUMMARY: The analysis suggests a potential reversal scenario based on various technical factors. The market shows signs of weakening bullish momentum and the emergence of bearish patterns. Awaiting a trendline breakout is advisable, and a sell strategy for correction is proposed. Specific entry, stop-loss, and take-profit levels are provided, although the risk-reward ratio is not explicitly mentioned.
AUDCHF ____ INCOMING BEARISH MOVEHello Traders,
AUDCHF has traded into a weekly supply zone and has just hunted buy-side liquidity. In the weekly order block, there is an unmitigated daily order block that I expect the price to mitigate and react from.
I will be monitoring price movement as it trades in the weekly order block to see if there would be a CHOCH on the 1-hour timeframe.
Follow for more updates.
Cheers,
Jabari
DeGRAM | AUDCHF confluence level to short the marketAUDCHF is slowly approaching the psychological level at 0.58000, fibo cluster, resistance, and dynamic resistance.
Price action has previously reacted to the resistance level by dropping from it.
This recent bullish move is a pullback against the major bearish trend because the trend on the 4-hourly chart is bearish.
We expect the price to bounce off the resistance and retest support.
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DeGRAM | AUDCHF move against the major supportAUDCHF is approaching the confluence level: fibo cluster + resistance and channel border (trendline).
Price action makes strong bearish moves and weak pullbacks.The market is pulling back against the major bearish trend.
Price is decelerating at the resistance level. We expect the price to retest support.
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DeGRAM | AUDCHF trend continuation opportunityAUDCHF has reached a support level, but noctice it made shallow lower low.
Price action is likely to retrace from support and retest the highs.
The market is pulling back against the major bearish trend, projected pullback is equal to the previous pullback that occurred before.
We expect selling opportunities at the resistance and fibo levels.
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DeGRAM | AUDCHF divergence at major supportAUDCHF is in sideways movement on the 4H timeframe at the major support level.
The market decelerated at the support level and rebounded, then it created the divergence.
We might see some sharp moves because the price has reached the 3-year support level.
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Aud Chf LongA reversal analysis for the AUD/CHF currency pair from the 57518 level involves examining the historical price action, identifying potential reversal points, and analyzing relevant technical indicators to assess the probability of a reversal occurring. Please note that as an AI language model, I don't have access to real-time data, so the analysis provided here is based on hypothetical scenarios and the knowledge available up to September 2021.
Historical Context:
First, let's take a look at the historical price movement of the AUD/CHF pair leading up to the 57518 level. We need to consider both long-term and short-term trends to get a comprehensive understanding.
Key Support and Resistance Levels:
Identify significant support and resistance levels on the chart. These levels can act as crucial reference points and can provide insight into potential reversal areas.
Candlestick Patterns:
Analyze the candlestick patterns at the 57518 level. Look for key reversal patterns like doji, hammer, shooting star, or engulfing patterns. These patterns can signal potential reversals.
Momentum Indicators:
Review momentum indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Divergence between price and the indicator can indicate a potential reversal.
Volume Analysis:
Examine trading volumes around the 57518 level. Significant volume spikes or divergences can provide clues about possible changes in market sentiment.
Fibonacci Retracement:
Apply Fibonacci retracement levels from recent swing highs to lows to identify potential support or resistance levels that coincide with the 57518 level.
News and Events:
Consider any upcoming economic data releases or geopolitical events that might impact the AUD/CHF pair. Sudden news can trigger sharp reversals.
Sentiment Analysis:
Evaluate market sentiment through sources like CFTC Commitments of Traders (COT) report or sentiment indicators. Extreme sentiment can indicate a potential reversal.
Timeframe Analysis:
Assess the reversal analysis across different timeframes (daily, weekly, monthly) to get a more comprehensive view.
Remember that a reversal analysis is not a guarantee of future market movement. It is crucial to use risk management techniques, set stop-loss orders, and combine multiple analyses before making any trading decisions. Additionally, consulting with a qualified financial advisor or professional trader is recommended for personalized guidance based on current market conditions.