Two Bullish engulfing candles saw price broke out of a key level @ Fr0.62950 on Wednesday to set the stage for an opportunity to go long as price settles back into this level for momentum. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand Observation: i. Bullish Trendline: A visual representation of support level as the line is...
This is NZDCHF 4H timeframe analysis, i'm expecting the market to start selling from where it is at a moment.
Since the March low, NzdChf traded upwards and now is trading above 0.63 resistance More important is that the pair seems to press on short term resistance and a break looks imminent. In this case, the pair have a clear road to 0.65 zone The medium-term trend is clearly bullish now and only a drop and close under 0.62 would alter this
The long-term trend for NzdChf is bearish and after recovering from this spring lows the pair is ready to resume its downwards trajectory. Last week NzdChf tried to reconquer 0.61 but without success and we have 4 longtailed candles in this zone (2 being clear pin bars) I favor short positions with a SL above 0.6160, as for target 0.5950 support could be a good...
An Elliot wave outlook on nzdchf shows we may be seeing a leading diagonal as our wave (I) and an expanded flat as our wave (ii). we expect a sell from the current region to complete wave 3. we target around 0.59000 region
The trend for NzdChf is down and the pair just reached the confluence resistance at around 0.61 I expect the pair to roll back down and a sell trade targeting 0.5950 zone could also have a good R:R
Exactly like its twin, AudChf, NzdChf is trading in a downtrend. 0.61 should provide strong resistance for this pair and a dive to 0.59 can have a 1:3 R:R Sell rallies close to 0.61 is my strategy
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Trend is your Friend! 1. One Touch, Two Touch and Three Touches complete a trend. 2. EMA Acting as Dynamic Support 3. Market has entered an area of sensitivity @ 0.61000 also know as a psychological level where institutions place orders and take profit 4. Waiting for 3 four hour candles to show signs of rejection to place Buy...
After the completion of the A-B-C correction, the impulse wave began rapidly as we experienced in the last week market we were able to count sub waves 1,2,3 for the wave (i) What we expect for the week ahead is correction of the impulse move then an advance for wave 3, which often represents the strongest part of the market cycle and can't be the shortest by price
TITLE/(DATE)- Buy NZD/CHF (8/19) ASSET- FOREX PLATFORM- MT4 ORDER TYPE- market execution Time Frame- 4HR ENTRY PRICE 1- 0.59240 ENTRY 2- 0.59040 (pending) STOP LOSS- 0.58840 (40PIPS) TAKE PROFIT 1- 0.59640 (40PIPS) TAKE PROFIT 2- 0.60040 (80 PIPS) TAKE PROFIT 3- 0.60440 (120 PIPS) STATUS: Active
This could set up for a nice trade with a great r:r
This pair has had it rough... gonna drop again before rising NZDCHF - SELL SL - 0.61548 TP - 0.59985
SELL @63.723 STOP @66.097 TAKE PROFIT @57.812 TRAIL @64.910