Selling the Kiwi: A Bearish Look at NZD/CHFHello Traders!
All timeframes are trending towards the downside, swiss is a more dominant currency overall against the kiwi. We do have a fairly strong support level nearby around 20-30 pips so make sure to bank some profits as usual once reached, if the bears manage to break the support this should continue dropping much further basing on the higher timeframe analysis.
NZDCHF
NZDCHF, Lower higher trend continuationNZDCHF / 1D
Hello traders, welcome back to another market breakodown.
NZDCHF has been trading in a down trend. The price has been in a deep pull-back on the daily time frame.
The price seems to be forming a lower high, if so we more down side to see.
Checkout the chart for the sell zone I have in mind.
Trade safe,
Trader Leo.
NZD/CHF Hit All Targets +400 Pips , Entry Added To Get 300 Pips This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
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NZD/CHF SELL SETUP !!!Basically when you look at price action we see price is consolidation on the Daily timeframe support level, Despite weakness on volume , structure in lower timeframe like H4 and H1 stills show market structure to downside.
So basically we have two areas for look for a rejection one @ the 31.8% fib level which is in confluence with previous support now resistance
Rejection two @ 61.8% fib level which is potential maximum point to grab liquidity to break down the daily support
Nice risk to reward
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🔻Potential SELL setup for: NZD/CHF👩🏽💻Technical: Monthly & weekly time frames are suggesting strong bearish power in the market based on the recent moving average of 20 crosses on the weekly. On the daily, I have marked a strong support zone that has not been broken yet, along with a moving average of 100.
🎯 For an ideal entry: I would aim to wait for the price action to break 4-hour support, push > exhaustion to the previous area of sensitivity, and then potentially enter on a bearish engulfing candlestick closure if possible. Aiming for a possible 0.57415 level, which corresponds to the previous daily bottom.
NZD/CHF Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
NZDCHF : Long Trade , 1hHello traders, we want to check the NZDCHF chart in the 1-hour time frame. After a downward trend, the price has reached the support area of 0.58000 and 0.58200, the area that the price has reacted to several times before, then the price succeeded. The downtrend line breaks up and is back with the zone once again. Considering that the price is at a support level and also managed to break the downward trend line, there is a high possibility that the price can make an upward movement towards the targets of 0.58800 and then 0.59300. Good luck.
NZDCHF I Local short from resistance zone Welcome back! Let me know your thoughts in the comments!
**NZDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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