Nzdchflong
NZDCHF, 4hr tf, buy on 61.8% retracementTrade ideas for NZDCHF by Hardi
Looks like this setup now ready to be taken.
I've shared about NZDCHF when price finally broken above the deacending trendline. Right now price retracing around 61.8 fibonacci level which is a level i was waiting to take buy position.
This trade might take some times to play as our plan as it spend 2 months in the correction phase.
Buy NZDCHF 0.6540
Stop loss 0.6470 (70 pips)
Take profit 0.6840 (300 pips)
Use only 1-2% risk
Good luck
NZDCHF is facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up further towards 1st resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices fall through 1st support, prices might take support on 2nd support which is in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. EMA is also below prices, showing a bearish pressure for prices.
FLAAAAAAAAAAAG🔝Where are your wallets, wolves?🔥
Now it is gonna fill with money making opportunities!
One more Flag formation on NZD/CHF currency pair.
This should be a good trade, coz price had a bullish impulse and then entered into consolidation.
After that price bounced and now is heading to the breakout of this pattern.
Price bounced from support and resistance zones multiple times.
So follow the chart and look for the breakout carefully.
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NZDCHF BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY GOOD LUCK! Great BUY opportunity NZDCHF .
I still did my best and this is the most likely count for me at the moment.
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NZDCHF - Bullish BiasNZD - BULLISH
1️⃣ Risk sentiment was boosted amid expectations of immense spending from the US government later this week and continued low rates from the Federal Reserve.
2️⃣ Local 10-year bond yields pushed higher to 1.77%.
CHF - BEARISH
1️⃣ Expectations of a huge US economic rebound and high Treasury yields while the outlook in Europe remains more vulnerable due to rising Covid-19 cases.
2️⃣ Risk-on tone weighing on the safe-haven CHF.
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Technical
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We are looking to buy the NZDCHF at RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
NZDCHF facing bullish pressure | 29 Mar 2021Prices are facing bullish pressure from 1st support which is in line with 78.6% fibonacci retracement and horizontal swing low support. Prices might push higher towards 1st resistance which is in line with 161.8% fibonacci retracement and 50% fibonacci retracement and horizontal swing high resistance. If prices fall through 1st support, prices might take support on 2nd support which is in line with 50% fibonacci extension and 127.2% fibonacci retracement . Stochastics is also showing that it is approaching 4.09 level support, potentially experiencing a bounce, in line with our analysis.
NZDCHF facing bullish pressure | 29 Mar 2021Prices are facing bullish pressure from 1st support which is in line with 78.6% fibonacci retracement and horizontal swing low support. Prices might push higher towards 1st resistance which is in line with 161.8% fibonacci retracement and 50% fibonacci retracement and horizontal swing high resistance. If prices fall through 1st support, prices might take support on 2nd support which is in line with 50% fibonacci extension and 127.2% fibonacci retracement. Stochastics is also showing that it is approaching 4.09 level support, potentially experiencing a bounce, in line with our analysis.
NZDCHF facing bullish pressure, potential for further upside!Prices are facing bullish pressure from 1st support which is in line with 78.6% fibonacci retracement and horizontal swing low support. Prices might push higher towards 1st resistance which is in line with 161.8% fibonacci retracement and 50% fibonacci retracement and horizontal swing high resistance. If prices fall through 1st support, prices might take support on 2nd support which is in line with 50% fibonacci extension and 127.2% fibonacci retracement. Stochastics is also showing that it is approaching 4.09 level support, potentially experiencing a bounce, in line with our analysis.
NZDCHF - GLobal uptrend
Preconditions
- local uptrend
- global uptrend
- accumulation (blue zone)
- triangle break up
- key zone
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDCHF is facing bullish pressure, potential for further upside!NZDCHF is facing bullish pressure from ascending trend line support. Prices might bounce off 1st support which is in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push towards 1st resistance which is a horizontal swing high resistance which coincides with 61.8% Fibonacci extension. If prices fall through, it might reach 2nd support which is tagged to a horizontal swing low support which coincides with 100% Fibonacci extension. Stochastics is also approaching support level of 2.19 before a bounce could be seen.
NZDCHF is facing bullish pressure, potential for further upside!NZDCHF is facing bullish pressure from ascending trend line support. Prices might bounce off 1st support which is in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push towards 1st resistance which is a horizontal swing high resistance which coincides with 61.8% Fibonacci extension. If prices fall through, it might reach 2nd support which is tagged to a horizontal swing low support which coincides with 100% Fibonacci extension. Stochastics is also approaching support level of 2.19 before a bounce could be seen.
NZDCHF is facing bullish pressure, potential for further upside!NZDCHF is facing bullish pressure from ascending trend line support. Prices might bounce off 1st support which is in line with 61.8% fibonacci retracement and 50% fibonacci extension. Prices might push towards 1st resistance which is a horizontal swing high resistance which coincides with 61.8% fibonacci extension. If prices fall through, it might reach 2nd support which is tagged to a horizontal swing low support which coincides with 100% fibonacci extension. Stochastics is also approaching support level of 2.19 before a bounce could be seen.
NZDCHF - Bullish BiasNZD - BULLISH
1️⃣ Optimism for a strong post-pandemic recovery boosted riskier assests after the US Congress approved President Biden's $1.9 trillion coronavirus relief package.
2️⃣ Risk sentiment was also lifted amid hopes for a trans-Tasman travel after the Australian government announced a billion-dollar support package for airlines which includes subsidized domestic flights, financial support to its two main airlines and cheap loans to small tourism operators.
CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.
2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
3️⃣ Positive risk tone weighing on the safe-haven CHF.
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Technical
=====
We are looking to buy the NZDCHF on RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.