Since March's high, NzdChf has started to trade in a range with a very clear bottom at 0.6260
I'm bullish as long as this low support is in place and, in the medium term, the pair can rise to 0.6570 resistance
Buy dips towards this support can be a good idea for a trade with great R:R
As we can see the pair ( NZDCHF ) is moving in a descending channel on the 4Hour and Daily Time frame, the pair has bounced from the support level and lower trendline of the descending channel , we expecting a retest of the levels shared on the chart.
Please enter the trade from the ENTRY LEVEL.
We taking this trade based on technical analysis and price...
nzdchf sell :
1)following my regression trend
2)at support level now,once it breaks we can go form a sell position to the next support level
3)nice pattern trend has been formed since last months
and today chf news is going to release so we hope it comes advantageous to us,
take profit : green line
stop loss : red line
entry : blue line
As you can see, it is in a long-term uptrend channel and after hitting the roof of the channel, it has a downtrend channel in its heart, so we have a long-term uptrend line and a short-term uptrend line if the uptrend line is If the downtrend line overcomes, the downtrend line will break and we should expect a good uptrend, but if the downtrend...
- local uptrend
- global uptrend
- accumulation (blue zone)
- triangle break up
- key zone
You will learn the best place where we can trade this instrument at low risk.
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