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NZDCHF

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 Follow me for more breakdowns like this
Short
by ShinForex1
🔻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.
Short
by fxtraderkristina
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.
Long
by mrAT_Trader
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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
14
My Backtesting Results on NZDCHFHolding trades is what I want to get better at and backtesting is going to help me do it. I've backtested NZDCHF today and found that it was a remarkable session. I was able to enter 4 trades in the span of 3 months gaining over what would have been 15% from the trades, but one trade hit my break even point so I gained around 12% from my trades. I used the monthly, weekly, and daily timeframes with most of my entries coming from the daily timeframe. I used my own strategy known as TMP. It stands for Trend, Market Structure, Price Action(or, pending orders). I identify the trend first, then set my estimation zone, then place my pending order. In that order, thats it. I don't use support and resistance, trend lines, or indicators for the most part. I like using price action. Its my preference that has changed throughout my trading career. I've noticed I a few reasons why I don't enter my best setups are due it 1) Money trauma( family had poor money management) 2) Time limit( pressure from showing results) To get over those, I have set parameters to take partials, move my trades to break even, and set pending orders to eliminate myself not entering my own trades. This helps in the long run and has helped since collecting data on myself since the start of me using prop firms. I can only pray that through my backtesting and trading journey, this can help you too. Please let me know if you have questions regarding my backtesting or found something unique that helped you. Safe trading❤️
Education
by ShaquanLopez
1