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
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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
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.
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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
Don't miss the great buy opportunity in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6036). 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 65.
Take Profits:
TP1= @ 0.6070
TP2= @ 0.6095
TP3= @ 0.6123
TP4= @ 0.6166
TP5= @ 0.6215
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 (0.6036). 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 65.
Take Profits:
TP1= @ 0.6070
TP2= @ 0.6095
TP3= @ 0.6123
TP4= @ 0.6166
TP5= @ 0.6215
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 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.
Thank you for reading, like and subscribe and have a nice day!
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: