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NZDCHF – Waiting for breaking method to sell even lower if...

FX:NZDCHF   New Zealand Dollar/Swiss Franc
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NZDCHF – Waiting for breaking method to sell even lower if...

Trend: Sell/ Neutral

Support/Resistance:
R2: 0.62816
R1: 0.62728
S1: 0.62350
S2: 0.62171
S3: 0.61916

Price action:
Market on NZDCHF currency pair is still in bearish overall flow. The problem for sellers are buyers from previous daily bullish defense. That is one of the reason why this pair is showing Netrallity and not exact sell moment.
We can see potencial sell idea after breaking first support level at 0.62350 point. If sellers are able to hold position below this level, then you can sell to first target, where is based daily recent lower low flow. Our overall target in trending idea from H1 timeframe is at 0.61916 point. If nothing from that bearish idea will happen, then wait for next analysis and follow our youtube videos and trade suggestion as a bonus of our trading system.

Potencial trade idea:

Bears targets:
T1: 0.62171
T2: 0.61916

NOTE – We are trading NZDCHF via the preferred trading setups

Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

Good trading!

Elitefxacademy

Comments

NzdChf is a pair I am following as well, with this analysis
Reply
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