NZDCHF short ideaWe'll be expecting to short NZDCHF at the previously broken resistance, the pair has more tendency to go downwards...
Nzdchfforecast
NZDCHFAfter printing a hammer candle and closing at support yesterday the pair has broken the descending channel. It will face resistance again on the descending trendline but if that is broken the price can rally to the next resistance at 0.6720
We see in the 4H chart how the price has gone through the descending channel and has broken the structure. That is a very bullish sign.
NZDCHF CAN MOVE DOWN FROM HEREWHAT I SEE!!
Weekly pin bar candle rejected the Support/Resistance Flip Zone (0.65820) and in my view pair will move down to the next support i.e 0.6380
Good Luck,
Learn & Trade.
NZDCHFPair reacted to the 50MA and continue its way lower. Since the 24th of June it made a big move upwards breaking he 0.659 area and that makes me be careful, the pair might gain strength again at the 0.651 area. If so we can trade both the corrective move and then the continuation to the upside.
MACD weakly supports the correction move .
4H chart shows both a H&S pattern and RSI losing strength as shown below.
NZD/CHF : Looking Hot For SELLBUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
NZDCHF IDEANZDCHF TRADE IDEA
SWING TRADE IDEA
UPDATE FROM LAST WEEK
WE'VE GOTTEN OUR BREAK OFF THE BOTTOM OF THE FLAG AND OUR TARGET 1 WAS HIT @ 0.65863 +76 PIPS FROM ENTRY POINT.
CONTINUE HOLDING TO OUR NEXT POINT OF TARGET WHICH WOULD BE @ 0.67043
TARGET 3 STILL IS GOING TO BE @ 0.68193
_________________________________________________________________________________________________________________________________________________________________________
ENTRY: 0.65099 (WAS A BUY STOP)
TARGET 1: 0.65863
TARGET 2: 0.67043
TARGET 3: 0.68193
STOP LOSS: 0.63760
_________________________________________________________________________________________________________________________________________________________________________
**PROPER RISK MANAGEMENT NEEDED**
**PAST CHARTS DO NOT GUARANTEE FUTURE CHARTS TO GO AS PLANNED**
NZDCHF IDEANZDCHF TRADE IDEA
SWING TRADE IDEA
AS THE FLAG ON THE WEEKLY CHART GETS HIT AND SUPPORT GETS TESTED.
AS THE MARKET COMES BACK UP TO 0.65099 WE CAN START TO SEE THE BREAK AND RISE ABOVE SUPPORT.
ENTRY: 0.65099 (BUY STOP)
TARGET 1: 0.65863
TARGET 2: 0.67043
TARGET 3: 0.68193
STOP LOSS: 0.63760
**PROPER RISK MANAGEMENT NEEDED**
**PAST CHARTS DO NOT GUARANTEE FUTURE CHARTS TO GO AS PLANNED**
POTENTIAL BEARISH MOVE ON NZDCHF Price is showing bearish momentum with bearish divergence is evident. We may see price break lower.
Stop loss - Red line
Take profit - Green line
1% Risk
Take profit level will be adjusted to how price reacts and moves.
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NZDCHF sell tradeNZDCHF continuation to the downside in my view.
All TP are given in the chart.
Keep it simple.
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NZDCHF SHORT-TERM DECLINE AND LONG TERM ADVANCE EW ANALYSISHi traders,
The daily chart of NZDCHF shows that the uptrend from Sep. to Dec., 2018 is a textbook five-wave impulse pattern, labeled 1-2-3-4-5 of (A). According to Elliot Wave theory, a three-wave correction in the opposite direction follows every impulse.
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So far, we have seen a five-wave impulse in A of (B) and double three combination (w-x-y) in B of (B). If this count is correct, wave A-B of (B) is completed and we can expect a short-term decline in wave C of (B) before the main trend resume in wave (C).
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Targets below 0.65164 support are plausible in wave C of (B).
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Thanks for reading!
Veejahbee.
NZD/CHF - 100 Pips OpportunityNZD/CHF short potentially coming up. As long as the prices reject under the 4H 50 EMA this move is active.
If prices begins to find support and break the resistance then look for a short term buy back up.
Keeping an eye on this one as to how it will turn out.
Trade safe.
Wait foy Buy Opportunity on NZDCHFPair: NZDCHF
Prediction: Buy / Long
Target 1: 0.69400
Target 2: 0.69700
SELL THIS RESISTANCE ??NC at major resistance level.
R:R is not bad to risk a sell at this point ;)
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Best of luck!
Felipe
Possible NZD/CHF Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will find resistance at current levels at @ 0.688 - 0.693 levels and move towards the first Target 1 level @ 0.678
FX:NZDUSD
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 0.678
Target 2 @ 0.6538
Risk/Reward @ 4.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
NZD/CHF : Strong SELL Setup !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
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.
