NZDCHF Potential DownsidesHey Traders, in today’s trading session we are monitoring NZDCHF for a selling opportunity around 0.52800 zone, NZDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.52800 support and resistance zone.
Trade safe, Joe.
Nzdchf-sell
NZDCHF 1H👋 Hello and welcome traders to another trade
☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅
💡 Why should you follow our profile on TradingView?
1- Consistent chart updates
2- Clean charts
3- Short and long-term perspectives
4- Visually teaches you valuable lessons
5- High probability setups
6- Analysis on a wide range of major markets
SMASH that follow button! 👍
💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips! 🤝
NZDCHF ForecastW1 - Price still has room lower towards the bottom of the bearish channel.
D1 - Potential bearish hidden divergence.
H4 - Bearish trend pattern, currently it looks like a correction is happening.
We have two important resistance zones that has formed based on the fibonacci retracement levels of the bearish trend pattern and the fibonacci expansion levels of the first wave we have.
Until these two resistance zones hold my view remains bearish here.
NZDCHF Sell IdeaW1 - Price is holding below the downtrend line, bearish hidden divergence.
D1 - Bearish convergence, price broke below the most recent uptrend line.
H4 - Bearish trend pattern, looks like the pullback that we were looking for happened, bearish hidden divergence.
We may now start looking for more bearish setups with more bearish evidences in order to join the bears.
NZDCHF Sell IdeaD1 - Price is holding below the bearish trend line, until this trend line holds my view remains bearish here. Bearish Trend Pattern (3 Waves), ABCD Correction.
H4 - Price reached the resistance zone, weak new highs that retrace down
H1 - Bearish Trend Pattern, we may now look for pullbacks and sells with bearish evidences.
NZDCHF bounced from support, potential for a further rise!
NZDCHF bounced off 0.63126 where it could potentially rise further to 0.63640.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.