NZDCHF is heading down after bouncing off of the descending trendline and there are multiple ways to get involved A) which is more likely to happen and it would be also better to see the trend continuation or B) in case the price fail to push lower and comes back to test the higher resistance.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
NZD/CHF has broken under the 50 ema on the 4H chart. As long as the 50 EMA holds as resistance, the push further below is active. Wait for the close of the candle on the 8H chart. No trade has been opened yet. This is only an idea and expectation of what can happen. Therefore, we must wait until we have a good signal and confirmation. That would be to open your...
EXPECTING NZDCHF TO REVERSE BEFORE WE CONTINUE UPWARDS SO JUMP IN See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
ON THIS PAIR NZDCHF, I AM EXPECTING THIS TO MAKE SOME RAPID MOVED BACK UP IN THE NEXT WEEK OR SO. SEE ON SCREEN INTRUCTION PLEASE LIKE, FOLLOW AND COMMENT :)
NZD/CHF is currently in a strong bearish momentum and is looking for a break further below. As we can see from the candlesticks on the 4H chart and 1H chart, it hasn't been able to find support. As it breaks the current price consolidation area, we can see it go down 35 more pips. This is a quick day trade. Risk no more than 1-2% and wait for enough...
Support on top of 50 EMA seems to have been found after having broken it on the 4H chart. If prices hold strong on top of the 50 EMA, we can see an upwards break of about 100 pips for the first wave. Trade safe.
tp1: 0.6554 tp2: 0.6541 sl: 0.6587
Nice breakout of this strong support. Now we have to wait for a pull back. Set SELL LIMIT at 0.66500 SL 0.67300 TP1 0.65500 TP2 0.64900
NZD/CHF is near 7 months Low Price broke key level 0.6708 on H1 chart and H1 close upper that level. It is a good place for open market order. R:R is 1:6. Open buy near: 0.6708 S/L: 0.6680 T/P: 0.6946 P.S. Always use S/L and proper risk management because some time price can't be predictable.
Hi Folks! Looking for a possible reversal according to some Elliott rules and criteria. If we are right we will have an ABC expanded flat which will develop a new daily impulse. Let's see how it develops, too early to plan any entries. - Hola Amigos! Buscando una posible reversión de acuerdo con reglad y criterios de la teoría de Elliott. Si estamos en lo...
I just noticed this beautiful H&S formation on the NZDCHF which completed a few days ago. My stop is at 0.69156 This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree...
My Current view of NZDCHF
Strong downtrend since the start of 2017, making lower highs. Price is locked into a strong downward channel based on the 4H chart Hidden divergence on the close of the 4H candle at 18:00 on 31st May shows the strong continuation of downward momentum. We see a possible Bearish Head & Shoulders pattern forming on the 4H chart. Fundamentals: The RBNZ...
Rationale for this trade is easy: a descending channel. The Swiss Franc came in strong yesterday being the best contender against USD and also fought against Euro despite its rally.
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...