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NZDCHF

NZDCHF HigherI like trying NZDCHF higher. Putting the stop loss a little more than 1 ATR away, we also have a hammer on the daily chart from about 2 weeks ago. US CPI came out today below expectations, this is a big deal and should help build up the peak inflation narrative which should mean less pressure on the fed to continue such strong hikes. This should mean that stocks rise and we get further risk on, which should weaken CHF and strengthen NZD as it is a risky asset. correlations are overall higher if we look at the US500 and the DXY which has been moving lower. not trading/investment advise, feedback welcome!
Long
by Spinning_
20 Reason for short NZDCHF 12/08/2022 1 Structure daily : bullish 2 imbalances :\Target marked 3 Current Move :impulse 4 Entry TF : h1 4.1 ETF Structure: sideways right now but after setup it will bear 4.2 move : corrective 5 Support Resistance: support at OB 6 FIB: trigger event waiting 7 candle Pattern: bear momentum 8 Chart Pattern: higher low 9 Volume : 10 Momentum: RSI range shift bullish to sideways 11 Volatility : BB middle band intact 12 strength: ADX strong curved 13 Sentiment : ROC 5:2 14 Final conclusion: retest and after a one confirmation or structural down on h1 15 Buy /Sell/Wait : Sell 16 Entry: 0.6070 17 Sl:0.6089 18 Tp:0.5981 19 Risk to reward Ratio:1:4.5 Excepted Duration : 24 hours
Short
by Optimum369
1
NZDCHF Wait for one last pull-back or buy the 1D MA50 breakThe NZDCHF pair has been trading within a Channel Down pattern since March 2021. It made its most recent Lower Low on July 01 2022 but since July 08 it has been consolidating sideways. This has caused the 1D MA50 (blue trend-line) to get very close. If it breaks, that would be a technical break-out buy signal. However as long as it fails to break, there are higher probabilities to buy lower. At least this is what took place on January 13 where after a near rejection, the price made one last pull-back to the Lower Lows (bottom) trend-line of the Channel and then emphatically rebounded for two months. The 1D RSI sequence tends to agree that we are replicating a similar price action. In both cases the target would be the red trend-line just below the Lower Highs (top) of the Channel. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
NZD/CHF | SHORT TRADE ENTRYhello everyone x) looking at the higher time frames, nzd/chf is looking pretty bearish, broke past a 4-hour uptrend as well as also crossed 20/50/100 moving averages suggesting selling power. 1-hour bearish engulfing candlestick closure to confirm the entry. Both currencies are being slightly bought by the hedge funds but I believe this trade has a good potential to continue to move further down to re-test at least one of the previous bottom levels.
Short
by fxtraderkristina
Looking to Sell NZDCHF from here!!!Hello Friends, happy new week. NZDCHF's dominant trend on the HTF is downward so here on the 4hr timeframe, a reversal setup (what you have on this chart is the most simplified form of whychoff) has been printed to potentially continue the Overall bearish Trend that the market has been in Since... I'd be applying my entry/confirmation model within the red and blue marked zone if I find it... it will put probability on my side... Isn't that what we want as traders? to put probability on our side?? Note how its a reversal setup but we are aiming to continue the overall dominant trend... Focus your energy more on continuing the trend rather than trying to reverse it... you'd be right 99% of the time .. the only 1 time you'd be wrong is when the market finally reverses.. but if you're always on the side of reversal.. you'd be wrong 99 times and only right the 1 time that the market is ready to reverse... Your choice... chow
Short
by DM_FX_