NZD-CHF
NZDCHF Major Support Break And Reversal Wedge **Short**This pair has broken a major support trendline and is looking to be forming a reversal wedge. I am expecting another bounce from the new support of wedge, then a large break down.
Wait for a clean break down to go short.
It will be invalid above the resistance around the 0.72865.
FX:NZDCHF
NZDCHF SELL STRUCTUREGot a pretty long and drawn out up trend here that recently failed the trend line. I love this one in particular because it started this triangular consolidation right after it broke through the trend line with good downward momentum. A slight rest here with this triangle taking shape should give way to a nice bearish move. Sell the breakout. Enjoy!
NZD/CHF Gartley Pattern Short SetupNZD/CHF could not form a higher swing high and reversed from the resistance zone. This Pair formed a nice Gartley Pattern. Now I'll wait for a breakout to the downside (out of the ascending Trendline) and enter my short Position after a breakout on alower Timeframe.
Profits and Stop Loss are shown in the Chart.
Trade safe, Daniel
Likes and comments are appreciated and would keep me motivated
COMING BACK TO TEST UNBROKEN SUPPORTPRICE IS MAKING ITS WAY BACK DOWN TO A CRUCIAL AREA A BREAK OF THIS LEVEL WILL SEND THIS PAIR INTO UNKOWN TERRITORY THUS CAUSING A PANICK, I THINK BUYERS WILL HAVE ENOUGH STRENGTH TO PUSH THIS BACK UPWARDS.
IF SO WE ARE AT AN AREA WHERE WE COULD POTENTIALY FIND A BRILLENT BUY SET UP
PLEASE FEEL FREE TO AD YOUR VIEWS AND OPINIONS
A profitable strategy for short term trading!!The only tools we are going to use are resistance and support Lines, trendlines, EMA 10 and EMA 20.
The strategy step by step is the following:
1) In the 4hour chart we draw the support and resistance Lines of major levels. We also get an idea of the intraday trend.
2)Then, we are going lower to 1 hour chart. We try now to draw channels or trendlines. Again we are looking the trend. 4 hour and 1 hour should be the same.
3)We are moving forward to 15min chart. Here is the ''game''. We have obtain the short term-intraday trend from the previous timeframes. We are now looking for retracement moves. As we find them we are waiting for a strong candle. In our chart we can see that after a retracement, doesn't matter how big it is, the price go over the EMAs Due to our bearish trend we would place our short positios as soon as a strong bearish candle appears. By the term ''strong'' i mean a candle whose body is bigger than the last bullish candle (the more bullish candles it ''eat'' the better). This is the 1st condition to put a Trade. The second is the strong bearish candle to cross downwards the EMAs. I mean to close below them.
So pay attention on the 2 conditions that exists in that strategy. In the Top of the graph we can see an incorrect entry bar. Although the price go lower it is not as safe as the way i described above.
Trading is somtimes very simple. You do not need any indicator. And don't forget. The simpliest is the best!!!!
I am waiting your comment.....
Thank you for reading....
NZDCHF: Positive carry long setupWe can expect to buy a retracement and ride it to at least one of the two targets above.
Positive carry quickly adds up while you hold the position open, be it in profit or a drawdown, as you wait to hit your target.
I'd like to go long here, but need a retracement entry.
Patience is a virtue they say...