Nzdchf-short
NZDCHF short ideaprice broke through daily key level
currently forming a small flag pattern
this can also be a retracement move back to the daily at 0.72400
on both ideas i think price will fall down to the monthly support where it will either bounce or break
monthly level (0.71700) can reject price and keep it in the same range
Bearish Bat on NZDCHFBeen a long time since my last idea update, wish I had more time to post, but here it is! I caught this one a bit late short from .7093
Target is at .382 retracement of CD leg
Stop above 113.00 Ext. of AB
NZDCHF - REVERSAL PATTERN (CONFIRMED)Pretty simple trade o see every NZD finally going down but i chose to go ahead with NZDCHF because the reversal seems the most beautiful one! Now I will be holding long term till that 0.70 area =)
nzdchf short on Strong Resistance Nzdchf Daily Strong Resistance level 0.7170 so advice
Selling area 0.7120-0.7170 SL above 0.7230 TP 0.6950
SHORT NZDCHFPOSSIBLE DOUBLE TOP ON MAYOR RESISTANCE LEVEL OR .618 RETRACEMENT LEVEL ON THE FIBONACCI LEVEL
NZDCHF Bearish AnalysisAdding to my short position from my previous NZDCHF post
Adding based off the red trend line bounce and the potential double top formation in the green rectangle
Target zone is still the white rectangle zone at the bottom at the end of the AB=CD move (black lines)
MACD bearish divergence is displayed with the contrasting red and green trend lines
