📉 NZDCHF is setting up for a potential continuation to the downside with strong confluence across all timeframes.
Weekly Overview:
Price has been held down by the 14EMA for the past 8 weeks, showing consistent rejection and confirming bearish pressure from higher timeframe.
Daily Chart Explanation:
The pair is respecting the 50EMA as dynamic resistance. Recently, it broke the internal bullish structure, indicating a shift in control to the sellers.
4H Chart Explanation:
Very clean structure break to the downside — price broke the higher low structure, violated support levels, and is now staying below the 50EMA. A textbook transition from bullish to bearish mode.
🔄 Plan:
Bias: Bearish
Entry: Look for price to pull back to discounted area or near the 4H 50EMA, ideally forming bearish confirmation (e.g., bearish engulfing or trendline retest).
Targets:
TP1: Recent swing low
TP2: Next support zone from weekly chart
Invalidation: Break and close above the 4H structure high and 50EMA
📌 High-probability trend continuation setup — only engage if the retracement provides a clear entry signal.
Weekly Overview:
Price has been held down by the 14EMA for the past 8 weeks, showing consistent rejection and confirming bearish pressure from higher timeframe.
Daily Chart Explanation:
The pair is respecting the 50EMA as dynamic resistance. Recently, it broke the internal bullish structure, indicating a shift in control to the sellers.
4H Chart Explanation:
Very clean structure break to the downside — price broke the higher low structure, violated support levels, and is now staying below the 50EMA. A textbook transition from bullish to bearish mode.
🔄 Plan:
Bias: Bearish
Entry: Look for price to pull back to discounted area or near the 4H 50EMA, ideally forming bearish confirmation (e.g., bearish engulfing or trendline retest).
Targets:
TP1: Recent swing low
TP2: Next support zone from weekly chart
Invalidation: Break and close above the 4H structure high and 50EMA
📌 High-probability trend continuation setup — only engage if the retracement provides a clear entry signal.
Note
both entry triggered.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.