NZD-CHF
NZDCHF | Double BottomPlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 0.63165
TP1 - 0.63686
TP2 - 0.63946
TP3 - 0.64162
TP4 - 0.64353
TP5 - 0.64638
TP6 - 0.64823
SL - 0.63044
Reason: Price formed Double Bottom. Resistance trendline has been broken.
-Please consider to initiate a position on a confirmed breakout of horizontal resistance.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
NZDCHF | Lost Pivot PointPlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 0.62712
TP1 - 0.672234
TP2 - 0.61957
TP3 - 0.61638
SL - 0.62863
Reason: Price was rejected by Resistance. Price lost its Pivot Point as a support level.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
NZDCHF LONG TRADENZDCHF completed AB= CD bearish pattern
Price rebounded from key level at 0.6218
RSI reached oversold region
MACD shows weakness in bearish momentum
It's expected for coming bullish movement to target the HVN at level 0.6328
then going upwards to cover the gap price near the key level at 0.6425
NZDCHF, New Zealand Dollar - Swiss Franc: Potential BreakoutOANDA:NZDCHF
We have little to analyze here!
If it breakup we have to find a resistance that is tested twice, while if it breakdown we have to overcome the support.
Now, as we often do, we set alerts and wait for the signal.
Even if it warns us, we must always consider that all the conditions foreseen by our strategy are in place to enter, otherwise we monitor anyway.
Is it good time to go long NZD? If you believe in "Phase one" and looking to buy NZD in my opinion you should consider to buy it against CHF. TP1 0.6530 area, target 0.6650. Start watching closely with the move below Sep 2018 lows around 0.6300. I'm trying to sell CHF for a while(linked ideas). Share you thoughts in comments below
Nzd Chf on its way into QM area with supply above Nzd Chf currently on its way north we have qm area + a supply zone in front of us and i would like to see some PA right into the zone to look for a short with first target at flip zone and second one at swing low if price is able to break the flip ...
in case we break the qm and absorb the supply we need to readjust the plan but so far iam a bear if we arrive at the market areas
of course this is a daily trade and an entry in ltf would be a good choice to maximize the RR ..if u have no time or u just love the daily then trade it that way ;-)
1000 ways to skin a cat ..
cheers and nice sunday guys