NZDCHF
NZDCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: As we can see here price changed the character and started to form lower lows and lower highs which means we are bearish, so I look for a short position if price makes a retracement to fill the imbalance higher and then rejects from bearish order block.
Fundamental news: On Thursday we will have news with high impact on CHF, we will see results of Interest Rate.
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NZDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NZDCHF Short TradeMARKET PHASE
OANDA:NZDCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it`s initial move down but due to the velocity of the downward move, it's gapped some orders around 0.54224. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:NZDCHF with the following parameters:
Sell Limit: 0.54224
Stop Loss: 0.54295
Take Profit: 0.54082
NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.540 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZDCHF BEARISH CONTINUATIONPossible bearish continuation of the pair with the target of hitting the low made 29/02/2024.
If the price breaks and closes below the current low this could be a good low to look for rejections on retest for continuations lower.
Key Levels to note:
1. High made on 27/02/2023
2. Low made on 29/02/2024
3. Break below the above will be looking at the low made on 06/02/2024
4. Price should remain below 0.54315 to keep sell bias sin place.
NZDCHF - Upside move ✅Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I expect bullish price action from here as price mitigated bullish order block and could reject from institutional big figure 0.54000.
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NZD/CHF BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
We are going short on the NZD/CHF with the target of 0.538 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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NZDCHF Will Move Lower! Short!
Here is our detailed technical review for NZDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.541.
Considering the today's price action, probabilities will be high to see a movement to 0.540.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDCHF Collapse! SELL!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.5401
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5393
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZDCHF Strong buy opportunity on the 1D MA50.The NZDCHF pair has been trading within a Channel Up pattern since the October 23 2023 Low. After breaking above the 1D MA200 (orange trend-line) for the first time in more than 1 year (since January 31 2023), the pair confirmed the trend shift from long-term bearish to long-term bullish. The recent 3-day pull-back to the 1D MA200 is a technical buy opportunity.
As long as we close 1D candles above the 1D MA50 (blue trend-line), this is a buy opportunity, targeting the top of the Channel Up and Resistance 2 at 0.55140. Notice how this is exactly on the -0.236 Fibonacci extension, which is the level that the November 29 2023 Higher High was priced at. Also the 0.5 Fibonacci retracement is the level where it double bottomed (November 17 2023) and started the rebound to the Higher High. We are at the 0.5 currently, which indicates a strong Support case.
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NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.533 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZDCADNZDCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?