NZDCHF SELL MORE!!As i can see this pair it break trend line and structure show us more bearish move till our design TP
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Nzdchfforecast
NZDCHF HARMONIC PATTERN FORMING!!harmonic pattern loading..
if you agree with my setup, feel free to take on the trade with minimal risk.
I have indicated entry and exit points.
Good luck!!
NZDCHF | Perspective for the new weekWith 150pips in our direction since my last publication (see link below for reference purpose); It appears price is at a juncture in the market with a trading opportunity we can take advantage of.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand
Observation: i. Price has been hovering above my Key level @ Fr0.63250 since it's Breakout in December 2020.
ii. As price continues to find Higher Lows, the tendency for a rally increases.
ii. Looking forward to a retest of Key level in the coming week to hop in the uptrend continuation.
iii. Should price enter Demand zone the fifth time, an engulfing Bullish candle from this level should be a signal to watch out for.
Trading plan: BUY confirmation with a minimum potential profit of 170 pips.
Risk/Reward : 1:4
Potential Duration: 7 to 15 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Game Plan #forexI am currently long the nzd/chf but I am watching to see how it reacts to the previous range high (rectangle) 0.6389. If we can hold above the regression line as well as the low of the breakout day- 0.6363 then the trend to the upside is still intact. But if we get more selling and close below the 0.6363 level then I will reverse my long position to a short looking for a deeper correction back toward the weekly pivot at 0.6300.
NZD/CHF Short Nzd / Chf is in a very ungrateful position, it is on a very strong trendline, but on the other hand it needs to do the long-awaited retest at 0.62 area. Our setup would be as shown in the chart.
NZDCHF H4 Bearish ViewAs we can see a Head and shoulder pattern in NZDCHF H4.
Now we are just waiting for Confirmation.
NZDCHF with Christmas around the cornerNZDCHF - with Christmas around the corner and not much volume in the Asian session, NZDCHF has continued to trade in a consolidation channel. After rejection from the support level, the price has been supported by an ascending trendline.
Expecting the candle's closing at H4, above the current resistance level, confirms possible uptrend continuation and long setup.
The setup offers an R:R ratio of 1:3.
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NZDCHF Can Jump DownIn my view after testing breaking channel and MA200 this pair can move down as per our bias.
Good Luck
NZD/CHF Short NZD / CHF is on the major trendline, plus it has not done any valid retest on higher timeframes. So, according to us, this pair has two scenarios, the first is to start the short immediately, and the second is the 0.63200 area variety, and since then the short to certainly 0.61700 area. Where they would certainly be interested in long.
NZDCHF | Perspective for the new weekTwo Bullish engulfing candles saw price broke out of a key level @ Fr0.62950 on Wednesday to set the stage for an opportunity to go long as price settles back into this level for momentum.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand
Observation: i. Bullish Trendline: A visual representation of support level as the line is drawn under pivot lows showing the prevailing direction of price.
ii. Decline in price that began in Nov. 2020 found bottom @ Fr0.62330 to initiate a reversal structure that led to Breakout of Fr0.62950.
iii. the expectation of an "AB = CD pattern" shall be a guide in the coming week.
iv. ABCD pattern parameters explained below;
a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg is at 61.8% currently (with a possible 78.6% in the future) Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move.
Trading plan: BUY confirmation with a minimum potential profit of 80 pips.
Risk/Reward : 1:4
Potential Duration: 1 to 4 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDCHF uptrend setupprice direction: UPTREND
potential target price: 0.6309
**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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GWBFX
NZDCHF - short entry on the breakout of the bearish flagThis pair is at the top of H4 TF Rising Wedge Structure. While reaching this top area, it form another corrective rising wedge structure in H1 TF.
Its now breaking below the Risin wedge in H1, and forming bearich continuation flag pattern. I enter short entry on this pair on the break of the flag, with sl above tha flag, targetting to at least to the bottom area of h4 rising wedge structure at 0.60500.
Lets see how will this one play out. Good luck
POTENTIAL SHORT ON NZDCHF AFTER PULLBACKNZDCHF is showing further bearish potential. It’s moving to a somewhat solid point of support from which we may see price pullback to the marked region.
We may see price move bullish retest and then further move bearish.
📢NZD/CHF Short opportunity This pair is looking bearish, hoping to jump in on the continuation soon 👍
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
