Follow the Trend. 3 emas down trend. 200 ema resistance Horizontal resistance engulfing pattern SL above horizontal resistance TP 2:1
Price broke out of its uptrend channel & retested trend line.. Price currently at weekly support level, looking for candle close below for extra conformation. Nice setup here, & we have Nzd news later today. NZD has not been making economy expectations if we get negative news we can get a break of zone & a push to the downside. Lets see how this pair plays out!...
I just took the NZDCHF Short 1h chart based on 4H and Daily chart. I looks like the trend is gaining momentum (It has passed the 4H seller blue line) and going down toward the Daily Seller green line.
Perfect daily rejection from the horizontal resistance. We will start seeing this thing move down. Broken clouds on the lower time frames. Good time to short!
Follow the trend 3 emas uptrend 200 ema support horizontal support SL below support TP 2:1
Nzdchf short-term purchase opportunity in one hour period
Traders, Inside the box, NZDCHF finished a abc corrective wave . And the channel we used to see as a descending channel for it to go with now seems to wrong with bullish candles appear on 4h chart now. 0.73 is our longterm target for NZDCHF to go which will take 1-2 month to finish. Less is more!
NZDCHF hit resistance level again. Bearish is a good idea with target at 0.7150 (125 pip) Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you...
potential crab pattern
NZDCHF ready for a long-term short
Hello , traders, This pair just finished a correction wave and now is showing us bearish. Follow that channel to see how deep it can go. Less is more!