After seeing 2 days of indecision candle with sign of distribution, Fri see an attempt to set new high with a H4 impulse move. That fail and price ended lower than the 50 percentile of the candle. I am looking for a rejection of Fri high and a D1 bearish close to confirm the Bear has taken over.
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The NZDCHF still bullish in medium term by interest rate differential, except the current interest rate differential to be changed by monetary policy change by the RBNZ or SNB. Therefore, the monetary policv on interest rate by the RBNZ and the SNB shall be closely monitored to anticipate possible changes. The estimated medium term exchange rate target zone falls...
NZDCHF IS GOING DOWN THE CONFERMARION CANDELS IN 4 HOUR CHART EVENNING STAR IN 4 HOUR TIME FRAME AND CHF INDEX WILL BE STRONG FOR NEXT WEEK AND NZD INDEX WILLL BE WEEK THIS MEANS THAT THE NZDCHF IS CONFERM DOWN RISK YOUR 10 PERCENT ACCOUNT
Price is following a downtrend making lower lows & highs. Price is now at previous strong support structure now new potential resistance, which also aligns with the long term descending trendline making a "3rd touch", where I will be watching for a reversal back to the downside to resume the downtrend & make its way back towards the previous lower low next.
Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
As we look on the chart the pair reached a daily descending trendline and is near the 200EMA. We looking for a possible short position to the support before going up again.
WE CAN SEE DIVERGANCE IN RSI AND GOOD BREAK IN CCI AND DOBULE BOTTOM PATTERN THE ORANGE TARGET WILL BE TOUCH:)
Hi trades, Keep your eyes on lower time frame for price action and wait for your sell setup.
NZDCHF right at the upper band of the wedge formation on the last day of the month.
We can expect 5 weeks short cancle sticks :)
The pair broke Resistance level of 0.63933 which has now become a support Pair has good Risk Reward Ratio Use Risk Management Enjoy