NZD CHF is in within down trend channel and tested the upper border and also the 50 SMA which is another resistance, so could be goes short up to 0.619
Price already make a new low on H1 timeframe as we can see Quasimodo pattern... Before entry please find confirmation first... no confirmation no entry
The New Zealand dollar has reached the bottom of its downtrend against the Swiss franc.
The probability of a negative reaction to this level is tolerable.
Sell Stops Liquidity was cleared leaving that H1 Fair Value Gap. Price then engineered liquidity by making those relative equal highs. We are expecting the price to take out that liquidity and sell-off.
Sell: NZD / CHF
SL @ 0.63100
TP @ 0.62070
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
It is not an investment recommendation
Hi traders:
Also keeping an eye on NZDCHF bullish price action development.
We can see from the higher time frame,
price has a strong bullish impulse phase up, and falls into a larger, continuation flag structure.
Within the larger structure, there are many corrections that moves up and down to form into this current large structure that the price is...
Hello,Traders!
NZD-CHF is trading in a downtrend
In a falling channel and now
The pair is retesting the resistance level
From where I am expecting a local bearish pullback
Sell!
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If the market can hold 0.62545 will expect a swing back down into Weekly lows at 0.60830 as we are still consistently making lower highs.
If you agree drop a like and if you have any questions leave a comment :)
Hey traders, in the coming week we are monitoring NZDCHF for a selling opportunity around 0.626 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
