📢NZD/CHF Short opportunity This pair is looking bearish, hoping to jump in on the continuation soon 👍
Nzdchfanalysis
NZDCHF sellPlease like, comment and follow.
Waiting for price to break the support level and ascending trend line to confirm the sell
NZDCHFNZDCHF formed an ascending triangle formation and broke the previous structure high to create a higher high. A rejection of the previous high as support may increase buying in this market to create another higher high. However, if we get a daily close back below previously broken resistance and break the previous H4 HL, shorts will come into play. This market is also showing an extreme RSI overbought condition based on the daily timeframe.
NZDCHF long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
NZDCHF SELLThis is NZDCHF 4H timeframe analysis, i'm expecting the market to start selling from where it is at a moment.
NzdChf- to "see"0.65?Since the March low, NzdChf traded upwards and now is trading above 0.63 resistance
More important is that the pair seems to press on short term resistance and a break looks imminent.
In this case, the pair have a clear road to 0.65 zone
The medium-term trend is clearly bullish now and only a drop and close under 0.62 would alter this
NZDCHF SellConfirmations:
1. HTF showing signs of bullish exhaustion
2. Counter Trend break (H1)
3. Break of Support
4. Strong Bearish Candle after counter trendline and support break
NZDCHF Sell TRADE IDEA. Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
📢NZD/CHF Possible long setup formingWe have a nice clean break here. As long as the candle can close above we can expect a continuation 0.64500
NzdChf- 0.61+ tells a storyThe long-term trend for NzdChf is bearish and after recovering from this spring lows the pair is ready to resume its downwards trajectory.
Last week NzdChf tried to reconquer 0.61 but without success and we have 4 longtailed candles in this zone (2 being clear pin bars)
I favor short positions with a SL above 0.6160, as for target 0.5950 support could be a good place for TP
NZDCHF short trade ideaPlan: wait for the price to bounce off from supply zone --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDCHF, 4hr tf, buy on descending channel breakoutHello my friends,
Tomorrow we will start the first trading day of November.
I hope everyone gonna have a great month as well in November.
Because there will be US election, i think it will be better to stay away from USD pairs for now.
The first setup for November gonna be NZDCHF pairs.
After marking our horizontal support and resistance zone, we could see price alread broken above the ascending channel.
There is a retest on this channel and i think we could start buying it as price could rotate higher.
Buy NZDCHF 0.6055
Stop loss 0.6030
Take profit 1 at 0.6110 (2.2R)
Take profit 2 at 0.6160 (4.2R)
Use only 1-2% risk
Good luck
NZDCHF Analysis by forexbee.coNZDCHF Analysis: Looking to buy from the below demand zone between 61 and 78 Fibonacci level.
Trend: Trend Reversal on break of last lower High in NZDCHF.
Trade Idea:NZDCHF was retracing downward from 1st September. it was in a clear bearish trend due to four consecutive lower lows. Recently due to a massive upward move and break of last lower high, trend has been reversed. Now we will look for a bullish entry instead of bearish.
NZDCHF ANALYSISAn Elliot wave outlook on nzdchf shows we may be seeing a leading diagonal as our wave (I) and an expanded flat as our wave (ii).
we expect a sell from the current region to complete wave 3.
we target around 0.59000 region
NzdChf- sell with good R:RThe trend for NzdChf is down and the pair just reached the confluence resistance at around 0.61
I expect the pair to roll back down and a sell trade targeting 0.5950 zone could also have a good R:R
NZDCHF Following Its Trend...BEARISH Continuation!!!NZDCHF managed to gave us several short opportunity previously trading with the trend. Currently, price is moving back to the trend resistance level where we can see that NZDCHF has been obeying its BEARISH trend with no form of breakout as of now. As it is moving on a downtrend and obeying greatly this trend resistance line, I do not see any form of breakout as of now. In fact, I will be eyeing on a trend rejection from its trend resistance. We should be also looking out for a ichi cloud rejection from there to confirm our position. As of now, I see it moving towards 0.5925 level and possibly to a trend support level (dotted line) if the 0.5925 level is broken.
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NzdChf outlookExactly like its twin, AudChf, NzdChf is trading in a downtrend.
0.61 should provide strong resistance for this pair and a dive to 0.59 can have a 1:3 R:R
Sell rallies close to 0.61 is my strategy
Forex Trading For Beginners, Nzdchf Analysis Monitor price action for setups, wait for confirmation always according to your strategy.
NZDCHF sell on retracement NZDCHF has broken the channel to the downside as expect and it's time to look for a short. The best time to sell will be on retracement. watch on 4H for a entry.
NZDCHF (19.10.2020) SELL TRADE IDEA BY SABAH FOREX#NZDCHF
ENTRY 0.60396
SL. 0.61067
TP1 0.60061
TP2 0.59725
TP3 0.59390
TP4 0.59055
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