4hr downtrend, 1hr supply entry into daily demand, 5:1 RR.
Hello traders! ‼️ This is my perspective on NZDCHF. Technical analysis: As we can see here price changed the character and started to form lower lows and lower highs which means we are bearish, so I look for a short position if price makes a retracement to fill the imbalance higher and then rejects from bearish order block. Fundamental news: On Thursday we will...
It is based on weekly, H4 indiators, daily R/S. I am not a profi. It is no professional advice.
After a retracement XA= 61.8 % B, we see that market broke the support trendline and retest of the zone that now became resistance. We have a bearish confirmation all the way to the demand zone.
On NZD/CHF, it's nice to see a strong sell-off from the price of 0.53960. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...
ABC Pattern. Wave C is in development. Plan: Sell @ correction
4HR downtrend, 1 hour supply entry into daily demand, 6.6 RR.
Monthly is bearish, Weekly is still bearish Daily had a string push down below resistance.
Certainly, here's a precise summary of "Lower High" and "Lower Low" with bullet points: **Lower High:** - **Definition**: - In technical analysis, a "lower high" occurs when the peak in the price of an asset is lower than the previous highest peak. - **Indicator of Downward Momentum**: - Suggests a potential reversal or continuation of a downward trend in...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
MARKET PHASE OANDA:NZDCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE There was a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders...
Hello,Friends! It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.540 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Possible bearish continuation of the pair with the target of hitting the low made 29/02/2024. If the price breaks and closes below the current low this could be a good low to look for rejections on retest for continuations lower. Key Levels to note: 1. High made on 27/02/2023 2. Low made on 29/02/2024 3. Break below the above will be looking at the low made on...
For learning purpose only, this chart might plummet to the downside to the 0 entry. This is risky and counter trend, the pair may simply just continue shooting up
As with the AUDCHF, we have almost a copy-and-paste triangle pattern, but on this NZDCHF, the market still looks to be constructing the leg 'd' of the triangle, if all factors hold on, we should see a dive to the rising Trendline and back up for wave 'e' before we see a full and free fall. Firstly this pattern was spotted on March 7th, and the development is...
NZDCHF Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chart
In this chart we have spotted BEARISH DIVERGENCE which is played upto mark and after that we can see a BEARISH FLAG which identify a suitable short target and take an entry & exit points accordingly.