This broke above a major trendline last week and has now retraced to test the trendline again. If this continues to drop then it will just be a false breakout but momentum seems to be with this as NZD is strong at the moment and CHF has not been great. Looking for this to turn higher from current price or slightly lower at 0.382 Fibonacci. Also need to see EMA's...
NZDCHF, bullish trend and has strong support below!
NZDCHF BEARISH BUTTERFLY PATTERN Market Sell Order Set Up. Sell Entry: (0.64303) Min Take-Profit: (0.63988) Max Take-Profit: (0.63778) Stop-Loss: (0.64689) Max Risk-Reward: (1.36) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Price has touched & reacted from a supply zone. We're looking at price action on lower timeframes for potential entries to short this pair back down to the bottom.
NZDCHF BEARISH SHARK PATTERN Market Sell Order Set Up. Sell Entry: (0.64044) Min Take-Profit: (0.63759) Max Take-Profit: (0.63564) Stop-Loss: (0.64402) Max Risk-Reward: (1.34) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
harmonic pattern loading.. if you agree with my setup, feel free to take on the trade with minimal risk. I have indicated entry and exit points. Good luck!!
NZDCHF WAVE CORRECTION AND BEARISH CRAB PATTERN This setup was on friday, trade is running already. Market Sell Order Set Up. Sell Entry: (0.64300) Take-Profit: (0.63501) Stop-Loss: (0.64601) Max Risk-Reward: (2.65) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Hello Traders, Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 02 M > Market is respecting downward resistance trend-line, price is approaching to test the trend-line. From there we can expect a rejection to the downside. W > We can see two W patterns and their neck will be Short targets....
Plan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. ...
This is NZDCHF 4H timeframe analysis, i'm expecting the market to start selling from where it is at a moment.
Since the March low, NzdChf traded upwards and now is trading above 0.63 resistance More important is that the pair seems to press on short term resistance and a break looks imminent. In this case, the pair have a clear road to 0.65 zone The medium-term trend is clearly bullish now and only a drop and close under 0.62 would alter this
The long-term trend for NzdChf is bearish and after recovering from this spring lows the pair is ready to resume its downwards trajectory. Last week NzdChf tried to reconquer 0.61 but without success and we have 4 longtailed candles in this zone (2 being clear pin bars) I favor short positions with a SL above 0.6160, as for target 0.5950 support could be a good...