FXtrades-gp

NZDCHF: The price up to the MAIN WEEKLY RESISTANCE!

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis📈 and Trading Tips📉, support the idea hitting the LIKE👍 button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!

🟢Forex Pair:
NZD/CHF

Technical Analysis:
On the 28th of Janury 2021, the price reached the main trendline and it got a strong bullish impulse, moving quickly up, breaking through the daily S/R zone at about 0.64300.
It is currently following the same uptrend without any sing of weakness and it will probably reach and re-test the main weekly resistance zone .

🔴Conclusion:
This is clearly an interesting impulse and I'm confident to see soon an upcoming trend correction once the price will eventually reach its main weekly resistance area .
Only if the price will get a rejection on the level at about 0.65250, I'll start planning my short position on this trade.

Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!

⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,
Gianni

Related Ideas

Comments

I like this kind of chart, thanks for sharing your idea ;)
+1 Reply
FXtrades-gp StevesTradingV
@StevesTradingV, you're welcome!
Reply
good job here too, have a similar idea
+1 Reply
FXtrades-gp Samoburger
@Samoburger I’ll have a proper look! Thanks for your feedback 😊🙏
Reply
Nice analysis
+1 Reply
FXtrades-gp Babenski
@Babenski, cheers man! :)
Reply
amazing buddy good catch
+1 Reply
FXtrades-gp TheSignalyst
@TheSignalyst oh, what a pleasure Rich 👌
Reply
Well done mate! thanks
+1 Reply
FXtrades-gp Mahtab_Tradia
@Mahtab_Tradia I always appreciate your feedback! 😁 thanksss
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter