D1 - Big double cycle and triple cycle completed, we may now expect the price to reach the 38.2% retrace of the double cycle and 50% retrace of the triple cycle. Two trend lines and bearish hidden divergence has formed.
H4 - Bearish divergence, price is respecting the 100 fibo level.
H1 - Three false breaks and bearish divergence. If we get a break below 168.65...
NZDCHF / H1 / Bat Pattern
Market : Forex
Pair : NZD CHF
Time Frame : H1
Strategy : Cypher Pattern
Risk Ratio : max %2
If you dont know how to trade with this analyses, please scroll down and look at the educational ideas at comment part
NZDCHF / H1 / Bat Pattern
Market : Forex
Pair : NZD CHF
Time Frame : H1
Strategy : Cypher Pattern
Risk Ratio : max %2
If you dont know how to trade with this analyses, please scroll down and look at the educational ideas at comment part
I will be posting the Weekly TF of the pair to show what is going on in the bigger picture and why I think it's going up. As it stands the pair is already, or almost finished forming a Flat correction therefore the next assumption is a move to the upside considering the previous impulse. We are forming an Ending Diagonal which acts as further confirmation that...
This pair appears to be in a descending wedge, repeating a pattern from the previous weeks. This would be a long-term play, one to scale into as it runs. It has bounced off of the heavy support previously, and looks to be doing the same here.
Advanced Cypher Pattern short opportunity @ 0.67581 on 1 hour time frame.
I recommend your stops above X at least 10-20pips, ATR, or at your own risk tolerance.
TP #1 0.67405
TP #2 0.67296
NZD/CHF is currently trading in three channels. The senior one was formed mid-September, while the other two emerged only in November. The Kiwi bounced off the senior channel circa 0.6720 last week and has since entered a slight consolidation period.
The current situation shows that the rate is testing the boundaries of two opposing patterns which are likewise...
