HEAD AND SHOULDERS ON NZDCHF!!Hey traders,
This week I am currently looking at a potential sell on NZDCHF , as you can see from my chart, we are looking at a Head and Shoulders pattern. Before I do enter a sell position, I will be looking for a break of support which I have marked with a white horizontal line. You may be wish to enter when the 4 hour candle has closed below support or you can enter a short on a break and retest.
As always if you do wish to use this idea, PLEASE ENTER AT YOUR OWN RISK!!
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STAY SAFE AND HAPPY TRADING.
NZD-CHF
NZDCHF LongFundamentals are in line for a long position on this pair. The state of the market on the 1H was a range but the price broke to the up side. The price broke the highest price of todays asia session with almost 80%. The pullback from this breach is +/- 50%, we would like to see the pullback go to 61.8% or lower but we can work with this. On the 3m chart there's a V-formation, but the test is still busy.
Nzdchf looking for...Over here i am looking for a pullback to short since the trend seems to have started turning on h4..will see
#shadowingthebigboys
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💡 Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6367). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 25.
Take Profits:
TP1= @ 0.6286
TP2= @ 0.6255
TP3= @ 0.6227
TP4= @ 0.6173
TP5= @ 0.6118
SL: Break Above 0.639
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💡 Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6367). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 25.
Take Profits:
TP1= @ 0.6286
TP2= @ 0.6255
TP3= @ 0.6227
TP4= @ 0.6173
TP5= @ 0.6118
SL: Break Above 0.639
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCHF cutting for a short 🦐NZDCHF on the 4h chart after bouncing over the weekly support has created a nice impulse inside a minor ascending channel .
The market after breaking above the 4 resistance now turn support couldn't create new highs.
IF the price will break and close below the structure and consequently break the channel, we will set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDCHF on a minor channel 🦐NZDCHF on the 4h chart after bouncing over the weekly support has created a nice impulse inside a minor ascending channel.
The market after breaking above the 4 resistance now turn support couldn't create new highs.
IF the price will break and close below the structure and consequently break the channel, we will set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDCHF on a retracement move🦐NZDCHF on the daily chart after the nice bullish impulse never retraced back.
The price broke a descending trendline and a weekly structure.
IF the price will close below the minor structure we can expect a move until the 0.5 or the 0.618 fib level.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDCHF on the break the break resitance 🦐NZDCHF on the bigger picture is moving inside an ascending channel below a weekly resistance.
The price attempt to break below and created a false breakout before moving back inside the channel.
ON the 4h chart the price is currently testing a daily resistance at 0.61100.
IF the market will break and close above, at the retest of it we will set a nice long order according to our strategy.
–––––
Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.612). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6090
TP2= @ 0.6068
TP3= @ 0.6040
TP4= @ 0.6025
TP5= @ 0.6005
SL: Break Above 0.614
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.612). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6090
TP2= @ 0.6068
TP3= @ 0.6040
TP4= @ 0.6025
TP5= @ 0.6005
SL: Break Above 0.614
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCHF: Expecting Bearish Move
NZDCHF is trading on a key daily level.
that level matches perfectly with a strong 4h/1h structure resistance.
on hourly time frame, the price has formed a double top formation on that and broke below its minor support.
now it is a retest phase.
I expect a drop from the current price levels.
goals:
0.6019
0.6