Nzdchfanalysis
NZD/CHF - 100 Pips+ OpportunityNZDCHF has broken above the 50 and 200 EMA and has been in a consolidation for quite a while.
As it finds its support and confirms it, we can expect a move higher up.
This is a very probable continuation pattern.
To be entered within the next 8-16 hours if everything goes as expected.
*I'd personally let this short term push up happen and wait for the low test after it, which will confirm that it can't go down, to enter in the long term up move.
*Keep in mind that if the low test fails, then we would love for either a complete reversal back down or simply a dip down for a push back up. The more data we get, the more confirmation we'll have as to what will happen.
Trade safe.
NZDCHF short trade ideas.NZDCHF is heading down after bouncing off of the descending trendline and there are multiple ways to get involved A) which is more likely to happen and it would be also better to see the trend continuation or B) in case the price fail to push lower and comes back to test the higher resistance.
NZD/CHF - 100 Pips+ DropNZD/CHF has broken under the 50 ema on the 4H chart. As long as the 50 EMA holds as resistance, the push further below is active.
Wait for the close of the candle on the 8H chart. No trade has been opened yet. This is only an idea and expectation of what can happen. Therefore, we must wait until we have a good signal and confirmation.
That would be to open your position on Sunday EST time or Monday as it confirms its direction.
Trade safe.
NZDCHF: Long-Term Short Trend NZDCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Price action at Strong Resistance Trendline (Since Jan 2015)
- Price action at 61% Fibo retracement levels
- Gap between 8EMA and 50EMA too wide
- Stochastic Overbought momentum
Suggested Trade:
Entry @ Area of Interest 0.6825 - 0.6925
SL: 0.6998
TP: 0.6453
RR: Approx. 3.42 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
NZD/CHF - Day Trade - Quick 35 PipsNZD/CHF is currently in a strong bearish momentum and is looking for a break further below.
As we can see from the candlesticks on the 4H chart and 1H chart, it hasn't been able to find support.
As it breaks the current price consolidation area, we can see it go down 35 more pips.
This is a quick day trade. Risk no more than 1-2% and wait for enough confirmation.
The move is canceled if a candle on the 4H closes higher than the last 2 candlesticks.
Trade safe.