Nzdchfforecast
NZDCHF: Do not miss this long term sell opportunityA week ago, I made prediction on this pair. I stated that the pair is in a strong downtrend on a higher timeframe. Price reached the resistance of the downtrend and got rejected strongly. I was looking for long term short positions since I saw a strong bearish engulfing bar. From the time of my prediction, price fell nearly with 185 Pips. I expect more decline this coming week. For new entries I will be looking for bearish continuation structures for sell positions.
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NZDCHF bearish outlook with top down approachOn a monthly timeframe we clearly see that New Zealand Dollar is the slave to the Swiss Franc. Frankly, the strong downtrend is visible from afar. We can also see those beautiful Lhs and Lls being printed. From the resistance of the falling trend, we notice a strong rejection after price lingered around the level for about 9 months and a strong bearish engulfing bar was printed. I predict the downtrend to resume from here if possible printing a new low on a monthly timeframe.
Switching to a daily timeframe, we can see that for days NZDCHF has been consolidating, forming a pattern. Once this pattern gets broken we can expect a big move, if the breakout happens to the downside this would be an opportunity to look for long term sell setups.
Daily outlook and when to look for sell entry
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NzdChf- Range trading?Since March's high, NzdChf has started to trade in a range with a very clear bottom at 0.6260
I'm bullish as long as this low support is in place and, in the medium term, the pair can rise to 0.6570 resistance
Buy dips towards this support can be a good idea for a trade with great R:R
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 ?
NZD/CHF:DOWNTREND|SWING TRADING SETUP|SHORT...Welcome back Traders, Investors, and Community!
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NZDCHF; buying opportunity exposed
For a couple of weeks now the price has been trading in a bearish channel. Right now we see a clear breakout of the channel which might be a signal for the buyers to push the market higher. From this scenario, I'll look for a buy entry after the retest of the highlighted level.
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NZD/CHF LONG BUY OPPUTUNITY .......
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NZDCHF Analysis: Downtown...?NZDCHF has hit a HTF bearish order block, and may be indicating a bearish response. Price has formed a 1H OB here, and price dropped a bit, and is now returning for a retest of the OB. I expect further declines. If price breaks the high of the OB, this invalidates this short setup. 0.65500 is the area I am watching for signs of reversal.
Look for your confirmations before entering any trade. No confirmations, no trade!
NZDCHF Analysis: Update and ClarificationMy apologies! I totally skipped an available opportunity in this pair! It was worthy of mentioning, and I didn't.
NZDCHF has indeed broken structure to the upside, and we now await a return to impulse. However, there are plenty of pips to brab before price hits that bullish order block!
A short for day traders and scalpers is available right now, as price is rejecting from a bearish order block!
Check the video out for details.