CHF appears to be strong. Based on that, this analysis is done and it is pointed out that the velocity can change at one place depending on the model created. This will give us more confirmation to successfully enter into the transaction as it shows a successful retest by breaking a channel format.
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)
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As you can see, we managed to see a nice 261.8% fib rejection with price heading all the way down. For now, we are seeing a short term BULLISH movement which I believe wil be a retest to 161.8% fib level before further BEARISH continuation. I have identified the supply zone as seen from my chart. I am expecting great BEARISH pressure at this zone. I will be...
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)
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NZD - BEARISH
1️⃣ Troubling Covid-19 trends as US President Joe Biden signed 10 executive orders aimed at jump-starting his national COVID-19 strategy to increase vaccinations and testing as the country continues to struggle with the pandemic.
2️⃣ European Central Bank President Christine Lagarde warned the virus continues to pose a serious risk after policy...
The cross pair is showing bullish weakness and chances are price action will dictate bullish sentiment based on a touch of upper trendline. Rsi and PA are diverging thus strengthening the bearish sentiment. Trade settings are shown on the chart. Stops will be trailed according to PA.
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As we can see there is a clear ascending channel with 3 touches to the structure. Once the third touch occurred we had the evening star candlestick formation. One of my favorite candlestick formations.
I will post below a screenshot of the confluence factors surrounding why this is a very good trade to take.
Any...
Previously, we managed to see a 261.8% fib level price rejection which was also where a resistance level lies (0.6373). After which, we saw a BEARISH movement to the support level @0.6320. As of now, I will be expecting consolidation on this support and resistance level as there is no signs of breakout. Therefore, a short opportunity will be valid here.
Kindly...
Nzd / Chf is in a very ungrateful position, it is on a very strong trendline, but on the other hand it needs to do the long-awaited retest at 0.62 area. Our setup would be as shown in the chart.
Daily Market Trade Ideas Based On Technical Analyzes 📊
⚙️ NEW SETUP NZDCHF
📉 SELL price 0.63363
✔️ TAKE PROFIT price 0.63139
🛑 STOP LOSS price 0.63482
⬇️ Leave comment in comment section bellow .
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NZDCHF managed to hit the 261.8% fib level that we have identified. After that, we saw a substantial retracement but did not managed to hit any of our levels. As price is currently heading towards the supply zone (red area) at approximately 0.6310 price level, I will be expecting a larger retracement to take place. Having said that, I will looking out for a...
