Easy 250+ pips, dont miss! - NZDCHF - SELLAfter analysis i can say we will haveve much more bigger DOWN trend. CHF showing elf like one of strongest valuts today, he is gain some power from CAD rate cut, CPI results yestarday are be positive for CHF. On NZD today we can see he losing power, my opinion is that trend will going more down.
TP1: 0.62110
ENTRY: 0.62360+-
SL: 0.62750
Chart time frame - 1D
Time for reaching TP - 8 - 72 hours
More information soon!
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NZD-CHF
NZDCHF bullish (fib retracement)This is my second attempt at analysis as the first one went well if you check my previous chart.
As we can see the chart has been hitting all of the fib retracement levels very nicely so far.
As the final candle before the market close shut above the 0.618 fib level @ 62350 it may already be bullish and ready to shoot now but i will await further confirmation.
I will await for this confirmation by seeing if it drops further and bounces off the 0.5 fib level @ 0.62213 where I will then look to enter a buy with a TP1 of 0.62544 at fib level 0.786 and TP2 of 0.62792 at fib level 1 as that's where it bounced off at the previous highest high.
SL will be places just below the 0.382 fib level @ 0.6288.
Very nice Risk/Reward ratio of 2 on TP1 and Risk/Reward ratio of 3.47 on TP2.
Nzd.Chf Long Swing TradeFundamentally right now NZDCHF is bearish, but however if things manage to calm down around the world like we have seen this weekend with trump easing off of his trade war, Hong Kong rally being peaceful, and the FED likely to cut rates further should drive up NZDUSD. This in turn allows for RISK OFF moves to allow NZDCHF to move further up as well. However, if trade tensions increase expect NZD to be VERY bearish!
Bearish momentumPrice opened below daily and weekly pivots. Volume confirms short position. Target yearly pivot support S1. From my pivot calculations I expect AUD and NZD pairs are going to drop about 180 pips. All major USDXXX pairs are at very crucial level - yearly pivot but volume pressure is heavily bearish and I see USDCHF is piercing down through yearly pivot but I will obstain from trading USD pairs for a few hours to see how the price action develops around yearly pivot.
NZDCHF London/NY Intra Setup (Pro tip)If you look at this pair on an hourly or 4hr chart you'll see we are in a steady uptrend. I do believe the trend is starting to get weaker. Usually at the end of a trend there is a big climactic move before it reverses. I'm looking to buy potentially that climactic move up here before the buying pressure really slows down and we get a potential drop.
I like the new high we have made (AB move) indicating the buyers want to possibly push this more. I'm looking for that move to finish at .786 as the first qualification of a butterfly.
WHY a Butterfly?! Here is a tip that has made me A LOT of money.
Here it is: The climactic moves that "finish off" trends happen usually between a 1.27-1.618 Extension. (I will post a video explaining this in depth this week, it is a very useful tactic, I will explain how I spot it.)
And since I trade harmonic patterns heavily, I look for my butterfly patterns and crab patterns to occur at the bottom or top of trends i'm already thinking are going to reverse.
Since NZDCHF Looks week to me on the 4hr, This 5-15 minute chart Butterfly Would work very well with my bias.
So, if we get the .786 AB move to finish, I will be looking to buy where the institutional activity has been happening, which is around .6652, I come to that conclusion using Volume profile, i really only look for entries around V.p. because the institutions are the ones that can move the markets, I cannot, so i ride their coat tails.
My Take profit will be for the completion of the butterfly, but will be monitored/managed once triggered.
As always, as small harmonic on the 1-min completing around .6652 + divergence between AC is IDEAL!
-Enjoy, and good luck
There is a trading opportunity to buy in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6593). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.6638
TP2= @ 0.6715
TP3= @ 0.6810
SL= @ 0.6505
There is a trading opportunity to buy in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6593). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.6638
TP2= @ 0.6715
TP3= @ 0.6810
SL= @ 0.6505
NZD/CHF Breaking to Upside?There is a steep market angle derived from the cycle low, meaning that there is potential for a rally to the upside but only if we close above Daily Resistance.
MIDAS Trend Signals have already generated a Buy Signal, yet we need to break above resistance to see higher highs.
MIDAS Trend Signals
The Hidden Market Order