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Nzdchfanalysis

NZD/CHF Could we see a small retracement equal to 150pips?The price looks like it could easily make a retracement according to the Monthly chart of at least 150 pips In Monthly: The price is currently in demand zone. We could see a rejection of this demand. If we want to measure the possible retracement all we have to do is take the fibonacci from high to low of the current impulse. Doing so we can clearly see that the .5 fibonacci level is in good confluence with previous structure. We could expect a retracement at least to the .50 In weekly The price is over extended. When price is over extended we could expect a correction. To measure the correction we have to use the fibonacci in the current impulse. The .618( golden level) is in confluence with the weekly structure as well monthly structure. In Daily The price have created an inverted head and shoulder which means a possible reversal of price action.
Long
by Wiiso
NZDCHF I have a long open ↗️👍Trade details for current trade are shown on the chart. Using POW reversal strategy for this trade. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trade can be seen on chart. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
NZDCHF two way split What's up guys! This is a very tricky one but have to be careful Price is currently hovering over a major support trendline in Red and it seems to be hovering over it On the Daily time I will be waiting for the break downwards of the this trendline with momentum candles within that time frame to validate that bears are now in full control On the 1H timeframe which involves digging deeper ,price can still make higher highs and approach the major resistance zone before the break of the red trendline but only experienced people can handle this situation cause I won't want to buy around the resistance , my focus is to find a good sell setup What do you guys think ?
Short
by newschooltrader
Wait for a buying opportunity to appear with NZDCHFH4 time frame. Structure: Descending channel. After down to the 50-61.8 Fibonacci zone of the previous strong up move, divergence signals are now appearing. It is likely that from this price zone will appear reversal patterns. Wait for a buying opportunity when the price completes the reversal pattern or breaks the descending channel and has a confirmed by retest. Profit target is 0.66000 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx