NZDCHF TRADING PLAN|SCENARIO BREAKDOWN
NZDCHF is trading on the edge of the key support area, while being pressed to the level, by the diagonal resistance.
Thus, there are two tradable scenarios:
1-Breakout downwards, pullback>>short.
SL above the support, TP on the chart.
2-Breakout of the diagonal resistance upwards, pullback>>long
SL below the support, TP on the chart.
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NZD-CHF
NZDCHF on bearish momentum by ThinkingAntsOkMain items we can see on the chart:
a) The major structure is the white descending trendline
b) Currently, we can see the price inside a macro corrective structure (yellow channel) That is a correction of the previous impulse
c) However we can work inside that macro corrective structure, and we can see a minor corrective structure (purple channel)
d) We had a breakout of it, and we expect a continuation of the bearish movement, towards 0.59300 (the lower trendline of the macro corrective structure)
e) From there we will be paying attention for a reversal movement
NZDCHF Price is testing our MOB zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
NZDCHF | Ascending Channel Broken Down..!!#NZDCHF (Update)
Ascending Channel Broke Downside 📉
Sell it, Expecting 80-110 PIPs Bearish Wave..!!
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NZDCHF Break-out signalPattern: Triangle on 1D.
Signal: (A) Bullish if the Lower Highs trend-line breaks, (B) Bearish if the Higher Lows trend-line breaks.
Target: (A) 0.6300 (the Resistance), (B) 0.6000 (the Symmetrical Support).
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Most recent NZDCHF signal:
NZDCHF cutting for short 🦐The market after an upper move inside a channel has recently move to the downside.
After a double top, price has move out of the channel cutting the EMA 21 and now testing the first resistance structure.
If the market will break and close below the structure we can look for a short position according with our 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.
Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.618). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.6125
TP2= @ 0.6070
TP3= @ 0.6040
TP4= @ 0.5970
TP5= @ 0.5910
SL: Break Above R2
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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 (0.618). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.6125
TP2= @ 0.6070
TP3= @ 0.6040
TP4= @ 0.5970
TP5= @ 0.5910
SL: Break Above R2
❤️ 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 - SWING - 20. JULY. 2020Welcome to our weekly trade setup ( NZDCHF )!
-
1 HOUR
Bearish break towards previous support zone.
4 HOUR
Prices look like they´ll follow main bullish trend.
DAILY
Good long entries, expecting a push to previous highs!
-
FOREX SWING
BUY NZDCHF
ENTRY LEVEL @ 0.61510
SL @ 0.61210
TP @ 0.62020
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
30min opportunity on NZDCHF by ThinkingAntsOkMain items we can see on the chart:
a) The price is on an ascending channel just on the edge of it
b) We saw the breakout of the corrective Structure
c) Currently, we can see a throwback after the breakout (the trading opportunity)
d) On the 30min chart, we can focus on the throwback (defining the correction and trading above it)
e) Target will be 0.62950