Trend continuation down as price breaks below cloud + Ichimoku cross downwards
Hi traders, The daily chart of NZDCHF shows that the uptrend from Sep. to Dec., 2018 is a textbook five-wave impulse pattern, labeled 1-2-3-4-5 of (A). According to Elliot Wave theory, a three-wave correction in the opposite direction follows every impulse. . So far, we have seen a five-wave impulse in A of (B) and double three combination (w-x-y) in B of (B)....
The nzdchf is currently in a technical format known as technical analysis called Double Top, What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs, What Does A Double Top Tell You? A double top is a bearish technical...
Its forming a triple roof, so this might be a great time to sell this pair, but be aware of the SL and the TP.
NZDCHF SHORT Wait for certain conditions before a possible entry: - Congestion - Short Candle formations - Fundamentals to continue being in favor for a short CHF - Major holder of gold - Uncertain economic situation causes investors to buy gold through brexit, trade war and EU debt crisis - This appreciates the CHF NZD - "NZ trade deficit hits $791m in...
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.6779 (horizontal swing low support, 38.2% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a...
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur to our major support at 0.6779 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk....
wait for a small correction and we can see continuation, price already hit the tops and react aggressive there! do not sell with out correction.
NZDCHF is approaching our first resistance at 0.6945 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9278 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we...
NZDCHF has launched into a serious resistance zone. I looking for exhaustion pretty soon to short.
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This pair looks like it may still be heading lower. At the moment, we'll watch for a retracement to the .50% - .618% region of the fib levels. If price does not break above the .618 fib level, watch for a confirmation candle to short this pair to 0.67600 - 0.67500 price level. This idea will be invalidated, should price push above the .618 fib level.
NZD/CHF short potentially coming up. As long as the prices reject under the 4H 50 EMA this move is active. If prices begins to find support and break the resistance then look for a short term buy back up. Keeping an eye on this one as to how it will turn out. Trade safe.
Short on primary signal and alignment of bias.
This pair formed a very strong rejection candle at tenken sen and has continued it's bearish move down. I am looking for a break of price structure to look for a short entry. I've set my TP at a previous price structure low, but I've drawn out several areas where I will look to take partial profit at or at the very least watch to see if support looks like it will...
NZD/CHF has broken below 20-DMA and is testing 23.6% Fib retracement at 0.6791. We see strong support at 55-EMA at 0.6780, break below to see further downside. Weakness till daily cloud at 0.6726 then likely. Further downside will see test of 38.2% Fib at 0.67. Major trendline resistance seen at 0.69 level. Bearish invalidation likely on decisive break...