NZDCHF in a bear flag? 🦐NZDCHF on the 4h chart retraced back till the 0.618 fib level of the previous bearish move.
The market created a bear flag inside a minor channel.
IF the price will break and close below the support structure and consequently break the channel, we can set a nice short order according to Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
NZD-CHF
NZD_CHF STRUCUTRE LONG| TRADING PLAN
NZD_CHF IS HAS BROKEN OUT OF THE DOWNWARD WEDGE AND IS BULLISH CHARGED|
(1) LONG now at pullback, after the first breakout
(2) Reaching T1 would mean a second confirmatory breakout>>> double the position
(3)T2+T3=realistic targets
(4) IF flops and goes down to the horizontal support>>>small retracement long from there too!
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NZDCHF - SWING - 14. SEPT. 2020Welcome to our weekly trade setup ( NZDCHF )!
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1 HOUR
Bullish market open and pressure.
4 HOUR
Price closed above main sr level, good long entries!
DAILY
Overall bullish market in a downside movement, good reverse entry..
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FOREX SWING
BUY NZDCHF
ENTRY LEVEL @ 0.60780
SL @ 0.60450
TP @ 0.61360
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZDCHF on a retracement move 🦐NZDCHF on the daily chart hit the discending trendline and started a retracement move.
Market is currently testing the 4h structure.
IF the price will break below the support area we can set a nice short ordr according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Don't miss the great buy opportunity in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.5965). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.
Take Profits:
TP1= @ 0.6045
TP2= @ 0.6090
TP3= @ 0.6165
TP4= @ 0.6222
TP5= @ 0.6295
SL= Break below S2
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Don't miss the great buy opportunity in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.5965). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.
Take Profits:
TP1= @ 0.6045
TP2= @ 0.6090
TP3= @ 0.6165
TP4= @ 0.6222
TP5= @ 0.6295
SL= Break below S2
❤️ 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 - 13% banked on the buy, yes 13% now sell! NZDCHF- sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
NZDCHF bounce at the bottom of the channel🦐NZDCHF bounced at the bottom of the daily channel and is now testing the daily structure for a possible break.+
IF the market will break above the resistance area we can set a nice long order according with PLancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
NZDCHF on a fib level 🦐On the daily chart NZDCHF got rejected by the trendline and started a retracement move till the 0.382 fib level.
Market hit the daily resistance and in now turning back for the bullish trend.
If the market will break below the lower structure we can set a nice short order according with Plancton's strategy
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
NZDCHF Long perspective by ThinkingAntsMain items we can see on the chart:
a) The price is inside a Macro Correction
b) Currently, the price is on the lower trendline of the correction
c) We can draw a descending trendline of the last movement
d) If the price breaks above our green arrow, we expect a bullish movement towards the higher trendline of the macro structure
A View inside the correction on NZDCHFMain items we can see on the chart:
a) The major context for the price is the Weekly descending trendline
b) We can see that the price couldn't break the support resistance zone and a correction began
c) Currently, we can see a macro corrective structure
d) Inside that structure, we can see that the price is about to reach the lower zone of the channel
e) Our expectation is to observe a reversal movement on that zone
f) After that, we should see a bullish movement towards the highest trendline of the macrostructure
UPDATE ! NZDCHF cutting for a short 🦐After that the market hit our target is giving us a new opportunity for the next trade.
On the weekly chart (left side) the market hit the weekly resistance (red) at the top of the discending channel and turn back to the downside.
On the daily chart (right side) the price hit our previous target at the daily support (blue) and now testing the structure.
IF the price will break and close below the daily structure we can set a nice short order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Previous Idea
NZDCHF - SWING - 10. AUGU. 2020Welcome to our weekly trade setup ( NZDCHF )!
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1 HOUR
Bullish market open and price action.
4 HOUR
Overall bearish market about to turn...
DAILY
Expecting a push to previous highs.
-
FOREX SWING
BUY NZDCHF
ENTRY LEVEL @ 0.60470
SL @ 0.60210
TP @ 0.60870
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
We dont use technical analysis anymore - this is why! A great example - we no longer use technical analysis at all - but I spotted this from elsewhere.
Its a great example - that demonstrates our strategy will catch any big move anyway so save yourself the time and subjectivity.
We have no need to draw and analyse our charts - our strategy is already coded and we now execute and follow with confidence and belief in performance.
The technical traders that DID spot this, will see a trend line break and a push to the upside.
We just see a buy label, after closing our sell for 100 pips too.
All about probability.
Regards
Darren