NZDCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Nzdchfanalysis
NZDCHF | CONSOLIDATION BREAKOUTNZDCHF has been trading in a bullish parallel channel and the recent price is consolidating in a box as highlighed on the chart. We are expecting a breakout above the horizontal level.
Alternatively, if price breaks below then bears will be active and push the price to bottom of the parallel channel.
Bullish continuation NZDCHF for the week of 21 Mar Since 01 Feb, this pair has had a nice bullish run. The resistance at 0.6260 and 0.6400 regions have been overcome with ease, the pullbacks have also been mostly shallow and weak. It is my sense that the bulls are still in control here and if we get a pullback to the 0.6400 area, I will be looking to take a long trade.
An entry at 0.6400 will give us a reasonable stop loss with the target at 0.6600. This would be a +3R trade.
Bear in mind the Russia/Ukraine crisis and the possibility of sudden spikes in case of any major events in that arena.
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Always use sound money and risk management in all your trades.
Another Chance To Buy NZDCHF | How To Refresh Your AnalysisSometimes price will not respect your analysis and thats ok. This is not the time to back away from the pair, but to follow the new movement. In this video, I am showing you how I update my analysis quickly and how I tend to set my pending order for a buy.
NZDCHF LONG - Buy Entry - D1 ChartNZDCHF LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: NZDCHF
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 0.66149
TP - Resistance @ 0.6503
PP Y1 - Pivot Point Yearly @ 0.6391
D1 & W1 Support @ 0.63792
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NZDCHF Buy Limit | Automated TradePending orders are great when you may have a bust day or week.
I’ve placed two pending orders at my estimation zone because NZDCHF is in a strong uptrend on the daily timeframe.
Trade 1 entry: 0.63856
TP:0.64720
SL:0.63215
Trade 2 entry: 0.63856
TP: 0.65215
SL:0.63215
Once price touches the entry price I’ll automatically be triggered into the trade. This will eliminate my time having to seek an entry on this pair had price follow my analysis.
What can void this is if price continues pass the higher high before pulling back.
NZDCHF Pending Order Took Profit! Here Is Why…Pending orders don’t just work well for traders with busy schedules. They can help you if you:
1. Can’t manually place orders at a certain time or time session
2. Get anxious wondering what’s the best candlestick to enter a trade
3. Know where you want to enter a trade but can’t always make the time
4. Have a hard time pushing the button
As for me, and this is being real, I’m overcoming anxiety and sometimes my anxiety can keep me away from my computer. So, this past Sunday, I set pending orders on NZDCHF along with other currencies and it paid off.
NZDCHF made a new high on the 4 hour timeframe. I placed a buy limit pending order above the higher low on top of my estimation on zone and set my Stop loss at the Lower low. My take profit was placed back up to the high.
Managing the trade:
My trade went into a bit of drawdown, but not much. I’ve realized after years of trading the stop loss is protection from drawdown and if I’m stopped out I need to trade in the opposite direction. I saw the trade through and it took profit.
This pending order worked out well.
NZDCHF, wait for bearish confirmation.Hi Traders,
NZDCHF has been moving within an ascending channel which is currently at the top of the structure. Wait for further bearish confirmation to validate a sell position if it meets your trading plan.
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Trade Safe!
NZDCHF Sell at KEY levels!Hi Traders,
NZDCHF was rising within LTF ascending channels inside an expanding structure which gave indication that a reversal was coming, however price was simply not ready to fall which has a massive rally upwards. Looking for a short at double top level towards top of the HTF Expanding structure boundary.
Watch for bearish price action before pulling the trigger.
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Trade Safe
NZDCHF, looking for strength in CHFHi Traders,
Looking at NZDCHF, we can that price impulsively pushed down from mid 0.65 which made bearish continuation which then pushed down further creating another continuation correction. Price is moving within an LTF ascending channel which we should see a drop to the lower boundary 0.611 range. As the Global events happening between Russia and Ukraine, safe haven currencies are strengthening which CHF is expecting to see growth. If we get a breakout of HTF correction there is possibility to continue its fall as investors see CHF as a safe haven currency when the world is is question.
This will be interesting to watch for next week.
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Good luck
NZD/CHF 4HR SELL SET UPHi TRADERS this is my trade set up for the NZD/CHF for the new week ahead
NZD/CHF I am expecting it to pull back in to order block area, then will be looking sell after getting a good confirmation candle or pattern
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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NZDCHF | UpdateNZDCHF is trading is bearish parallel channel, making lower lows and lower highs. Current price is a base support of parallel channel and indicator suggesting bullish divergence here.
Alternatively, breaking this channel will call more bears into the party and price will drop sharply. Trade your levels accordingly.