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Nzdchfanalysis

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
Short
by GWBFX
4
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
Long
by HayatoDragonFX
3
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. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
NZDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market is moving in a downward channel with few breakouts. Price moved up to test previous support now turned monthly resistance and faced rejection. W > We can notice that price is facing rejection from supply zones that turn into resistance. Price moved up to face rejection in 1st week of June and supply zone created in last week of June that turned into resistance for price in August and September. Price is now at supply zone. D > Price created a double top at resistance level and dropped creating LH and LL. We saw a W formation and price dropped till neck to complete the formation and moved up to create next LH at previous demand zone. Price is now dropping down. As per COT NZD had closure of few Long and major Short increasing net positions, confirming strength of ZXY for the said week. Short positions have reduced to least in current year. ZXY has been gaining strength slowly since June 2020. ZXY improved its position last week. CHF saw closure of both Long and Short positions with Short position reducing to least for current year, increasing net positions marginally. SXY was strong for the said week. SXY further gained strength last week. 4H > Price is respecting support provided by downward trend-line. While testing the neck of W formation price dropped further till the trend-line and moved up. We can see H & S created by the price while moving upwards, price further moved up to creating a LH. We expect price to drop till support trend-line and its behaviour there will provide further target. Pair Correlation > NZDCHF has positive correlation with AUDCHF, CADJPY, NZDJPY, NZDCAD and NZDUSD and negative correlation with EURNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX