NZDCHF short intraday/swing trade setup based on lower highs and strong red volume. Price is overextended here and showing significant signs of weakness. This engulfing red candle break to the downside has convinced me to take a short position. Please note: Trading currencies carries a high element of risk where financial loss can be significant. This analysis is...
As discussed in our latest webinar, Wolfe Waves are a 5-wave pattern which shows supply and demand as price moves towards an equilibrium. In essence, Wolfe Waves rely on three tops and two bottoms or the reverse, pointing to the correct direction, in order to evaluate where the next move is going. For the NZDCHF pair, points 1 and 3 have been identified as the...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Analysis -NZDCHF looking bearish after showing signs of reversal after buyers pushed price up into resistance, wherein sellers stepped in and pushed price down before the daily candle close. -The price action resulted in a daily candle pinbar setup AT RESISTANCE which is a bearish sign. -On the 1H time frame, price just broke a bullish trend to the downside....
NZDCHF Re-Test Weekly Hunter. Good sell down to neckline. (Details on chart) OANDA:NZDCHF
NZDCHF is approaching our first support at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% fiboancci retracement). Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level....
NZDCHF is approaching our first support level at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on...
Hi traders, this is my setup for NZDCHF for the next week. I will open 4 positions with 4 different targets at the fibonacci retracements as sell stop order. And 4 positions as sell limit order for the case that the macro M complete. This is the daily timeframe, so let the trades run as swintrades. Have a creat trading week. Stefan Forex
Price at resistance: If ascending channel gets broken, it will be a good sell. but if the market decides to break the resistance. it will be a good buy. Lets see how it plays out this week. (The market will do what the market will do)
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find resistance at current levels at @ 0.688 - 0.693 levels and move towards the first Target 1 level @ 0.678 FX:NZDUSD Trade Management Entered @ Sign up for details Stop...
Looks like a potential head and shoulders pattern forming on the hourly and 4 hour time frames. Wait for the confirmation which should become apparent in the next few bars. TP target = 0.65922