NZDCHF good sell signalIn my previous analysis, I said that the price had bounced from strong support line and after break strong level, it was going to reach resistance line.
This forecast came true.
Today the price has come to the resistance line from Julie 2020.
I expect the price to fall towards the support line.
This tells us a good sell signal.
The expected TP is at the support line positions. Mandatory SL - resistance lines.
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Nzdchf-short
#NZDCHF Best Set Up For Coming Week...#NZDCHF Best Set Up For Coming Week...
For me this Minor Pair looks really good
We can see a H&S Formation in the TOP of the structure
Also WE can se a Hidden Channel and how price reacts is lovely
Personally I would expect a Drop
Nice Areas For Sell
Entries: 0.6225 and 0.61575
Invalidation Level: >0.6275
Profit Area: 0.6025 And 0.5925
🔱38 and 62 Emas (Price is Testing )
🔱200 EMA Lower 0.602x (MAJOR Level Of Confluence)
🔱🧮HEAT MAP🧮 Showing Consolidation in certain levels
NZDCHF (Short)An ABC ZigZag with a target of the lowest low or daily fibonacci fan. The C with analysis on a lower time frame has started. 1min & 15min are showing 5 clear impulsive waves short. With the C starting a 38% fibo retracement im targeting the low using the fibo extension of this move so the distance it should travel is 1.61% from the start of A.
NZD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/CHF.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very bearish with strong bearish candles.
Weekly: On the weekly timeframe we see the strong bearish waves.
Daily: We see on the daily timeframe a pullback to the upside.
H4: Here we draw the counter trendline and expect a push to the downside.
Have a nice day.