There is a huge possibility for the market to bounce from the Resistance level, than retest the 0.60229 Level. Then an uptrend will continue. Please do use proper risk management. Thank you.
Price is currently in a resistance zone with multiple hits. Drop to a lower time frame and wait for a reversal pattern to form in this zone. Enter a sell after price breaks out of the reversal pattern. Good luck!
we are at key level if we flip and bounce than we will going hard in sky else big rejection you can long after bounce from this zone at support level
On the daily chart NZDCHF got rejected by the trendline and started a retracement move till the 0.382 fib level. Market hit the daily resistance and in now turning back for the bullish trend. If the market will break below the lower structure we can set a nice short order according with Plancton's strategy ––––– Follow the Shrimp 🦐 Here is the Plancton0618...
This descending channel on NZDCHF seems to be getting respected, we will be trading withing the channel utilizing structure until we get a confirmed breakout. According to COT Data Source - 62% are long
This zone needs to be respected, don't get involved in a position until the market confirms to us its next move.
NZD/CHF price has been within a respected descending weekly trend channel since 2017. Price did break out of this channel back in March as a result of the coronavirus pandemic, however, re-entered forming an ascending daily trend channel. Price did not retest the upper boundary of the weekly channel as price ran into resistance before that at 0.62 (the lows from...
after break of 0.5969 going for short in nzd chf. next big support will be 0.5800! 1:5.6
NZD/CHF Update +260 Pips 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.
We will be trading with the trend here, I will be waiting to see how the 4-hour candle closes then look for a potential long term sell position, I have marked my targets.
Hi traders, this is my trade idea on NZDCHF for the next days
We came to test the key structure at level 0.62250 and rejected it multiple times, we are now seeing signs of a sell off from this region. The previous bearish engulfing daily closure suggests to me that this pair is pointing more for a sell than a buy. I have marked the target levels I am interested in as well as the level that I would consider buys from if...
Ichimoku is not an indicator, it is a complete trading system that provides entry location, stop and gives some options regarding exit too. I am still learning it but here is a trade idea to short NZFCHF. Price just broke below the cloud (D1), the future cloud is turning bearish too. The Chinkou Span is below price. If you like my analysis, please give this post a...
Initially I thought we would see immediate rejection from the key daily supportive level marked but we didn't. I personally believe most retail traders would have been buying at the area using a tight stop loss. Now that banks have come in and driven the price down to SL hunt, they may have now gathered enough liquidity to drive prices higher. I will be waiting...
as shown it has broken and retested, take profit at the support line.
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.
NZDCHF is trading on the edge of the key support area, while being pressed to the level, by the diagonal resistance. Thus, there are two tradable scenarios: 1-Breakout downwards, pullback>>short. SL above the support, TP on the chart. 2-Breakout of the diagonal resistance upwards, pullback>>long SL below the support, TP on the chart. Thank you for...