For a couple of weeks now the price has been trading in a bearish channel. Right now we see a clear breakout of the channel which might be a signal for the buyers to push the market higher. From this scenario, I'll look for a buy entry after the retest of the highlighted level.
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Hey traders, here is the analysis for the NZDCHF. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
NZDCHF is perfectly running on a technical channel.Which has chances of continue the channel pattern for once more before breaking it, so that it have chances of falling after market opens.Lets see what happens!
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NZDCHF has hit a HTF bearish order block, and may be indicating a bearish response. Price has formed a 1H OB here, and price dropped a bit, and is now returning for a retest of the OB. I expect further declines. If price breaks the high of the OB, this invalidates this short setup. 0.65500 is the area I am watching for signs of reversal.
Look for your...
My apologies! I totally skipped an available opportunity in this pair! It was worthy of mentioning, and I didn't.
NZDCHF has indeed broken structure to the upside, and we now await a return to impulse. However, there are plenty of pips to brab before price hits that bullish order block!
A short for day traders and scalpers is available right now, as price is...
I think this trade will work well with the slow-paced markets today.
We should see a steady decline in this pair after the non-stop bullish run.
I only want to fade this move back to the previous structure before going long again.
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From a money distribution perspective, this pair is ready to tackle the previous high.
The informative breakout should help you understand why buyers have regained control.
Expect slight retracements and some corrective price action before we see the next impulse to the upside.
What do you think of this move?
What we see on NZDCHF chart, is quite clear, after strong manipulation on NZD, we expect now price to drop as fund confirms due to quarantine in New Zealand.
As you see technically we are in strong Supply area, price rejected for several times,
we can open our sell position just now and watch how price drops ...
Such a nice order with lovely R:R 1:7.3
NZD-CHF is moving up in the bullish rebound. After a retest of the weekly horizontal support. And even though the pair is trading in a downtrend. The falling resistance of the wedge is still far away. Which means that there is still some way to go. Buy!