Nzdchfforecast
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
NZDCHF Sell TRADE IDEA. Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NzdChf- 0.61+ tells a storyThe long-term trend for NzdChf is bearish and after recovering from this spring lows the pair is ready to resume its downwards trajectory.
Last week NzdChf tried to reconquer 0.61 but without success and we have 4 longtailed candles in this zone (2 being clear pin bars)
I favor short positions with a SL above 0.6160, as for target 0.5950 support could be a good place for TP
NZDCHF ANALYSISAn Elliot wave outlook on nzdchf shows we may be seeing a leading diagonal as our wave (I) and an expanded flat as our wave (ii).
we expect a sell from the current region to complete wave 3.
we target around 0.59000 region
NzdChf- sell with good R:RThe trend for NzdChf is down and the pair just reached the confluence resistance at around 0.61
I expect the pair to roll back down and a sell trade targeting 0.5950 zone could also have a good R:R
NzdChf outlookExactly like its twin, AudChf, NzdChf is trading in a downtrend.
0.61 should provide strong resistance for this pair and a dive to 0.59 can have a 1:3 R:R
Sell rallies close to 0.61 is my strategy
NZDCHF sell on retracement NZDCHF has broken the channel to the downside as expect and it's time to look for a short. The best time to sell will be on retracement. watch on 4H for a entry.
