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Nzdchflong

NZDCHF / H4 / Daily Forex Technical Analysis / 8.14.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 14th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Frank. Looking at the 4 hour time frame price action is currently finding support near the .626 area. If we can find support at this region and break upwards we will look for the best entry long. Entry for a Long position near the .62648 area, with a Stop Loss near the area of .62092, and target profit level area of .63691 to possibly ensure a profitable trade with a 1.88 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
NZDCHF IDEANZDCHF TRADE IDEA SWING TRADE IDEA UPDATE FROM LAST WEEK WE'VE GOTTEN OUR BREAK OFF THE BOTTOM OF THE FLAG AND OUR TARGET 1 WAS HIT @ 0.65863 +76 PIPS FROM ENTRY POINT. CONTINUE HOLDING TO OUR NEXT POINT OF TARGET WHICH WOULD BE @ 0.67043 TARGET 3 STILL IS GOING TO BE @ 0.68193 _________________________________________________________________________________________________________________________________________________________________________ ENTRY: 0.65099 (WAS A BUY STOP) TARGET 1: 0.65863 TARGET 2: 0.67043 TARGET 3: 0.68193 STOP LOSS: 0.63760 _________________________________________________________________________________________________________________________________________________________________________ **PROPER RISK MANAGEMENT NEEDED** **PAST CHARTS DO NOT GUARANTEE FUTURE CHARTS TO GO AS PLANNED**
Long
by SilentAssassinView
THIS IS A REALLY NICE SETUP!Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on the break of the low of wave 1 as this is a good indication that we could see a reversal soon. I am looking to trade wave 4 to the top of the structure and will then wait for confirmation of a break to the upside or alternatively a reversal for wave 5 down first. Happy trading! Linton White JP Markets Pretoria South Africa
Long
by Linton_White
BULLISH MOMENTUM (NZD/CHF)Even though the NZD is still week, it has broken through the bearish trend and has started to form a bullish trend . Even though today (30/05/2019) has shown a massive bearish movement that nocked it -0.50% - -0.56% from a bullish morning that reached upto 0.65888 (+0.30%). It has bounced of the last support @0.65517 and fallen within the bullsih trend. this could be a good time to BUY as there is a lot of room for a good profit. As the bearish trend started on the 30 April 2019 and was @ 0.68113. So there is a lot of money to be made. If the market does not go in the direction then place you stop loss @0.65505. this is placing your risk at very small (0.08%) which is just below the last support as there is more bearish to go. Either way there is a lot of potential in this curreny pair.
Long
by lukeconder