Nzdchf!
NZDCHF: Bearish Move From Key Level 🇳🇿🇨🇭
NZDCHF reached a solid key level at the beginning of December.
The price formed a double top pattern on that and broke a support line of a rising channel then.
I think that bears may push the pair lower.
Next goal - 0.585
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💵Swiss Franc/New Zealand Dollar 💵Analyze (12/15/2022)!!!The Swiss Franc/New Zealand Dollar completed the fifth wave after it managed to break the downtrend line and form a double-bottom pattern.
I expect the Swiss Franc/New Zealand Dollar will go up at least to resistance lines in the next days.
🔅Swiss Franc/New Zealand Dollar Analyze ( CHFNZD ) Timeframe 4H⏰.
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NZDCHF: BEARISH Market Analysis! Watching for REVERSALHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the NZDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
In higher timeframe , the market has been following a strong bearish impulse, currently in correcting movement, took out the previous swing with a nice possibility to see a market reversal.
In lower time frame many bearish confluences make us confident to be waiting for a good entry price. The market broke the first LTF structure and we would definitely try to take this opportunity!
When, where and why would we step into the market?
This a typical formation of the M pattern, usually a reversal formation.
Considering the overall bearish bias, we will be looking only for short position if further price action will form during the upcoming sessions.
Our first target would be the bottom of the structure and so on, lower swing if the momentum will be strong enough.
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DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
NZDCHF - Bearish price action ✅Hello traders!
‼️ This is my analysis of NATURALGAS.
Here we can see the confirmation of SH+BOS+RTO pattern, in other words, the price took out buy stop liquidity with a stop hunt, broke the structure and the returned to orderblock. I expect bearish price action continuation.
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NZDCHF - Sell-off started ✅Hello traders!
‼️ This is my analysis on NZDCHF.
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish price action after the price rejected from bearish orderblock + institutional big figure 0.59000.
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NZDCHF: Breakout Trade Explained
Hey traders,
NZDCHF reached a key daily structure resistance.
The price formed a doji candle on that and dropped, then, forming a bearish engulfing candle.
On 4H time frame, the price broke and closed below a support line of a rising parallel channel.
Now, we see its retest.
I expect a bearish move to 0.584 / 0.585
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