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Nzdchflong

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**
Long
by SilentAssassinView
THIS IS A REALLY NICE SETUP!Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on the break of the low of wave 1 as this is a good indication that we could see a reversal soon. I am looking to trade wave 4 to the top of the structure and will then wait for confirmation of a break to the upside or alternatively a reversal for wave 5 down first. Happy trading! Linton White JP Markets Pretoria South Africa
Long
by Linton_White
BULLISH MOMENTUM (NZD/CHF)Even though the NZD is still week, it has broken through the bearish trend and has started to form a bullish trend . Even though today (30/05/2019) has shown a massive bearish movement that nocked it -0.50% - -0.56% from a bullish morning that reached upto 0.65888 (+0.30%). It has bounced of the last support @0.65517 and fallen within the bullsih trend. this could be a good time to BUY as there is a lot of room for a good profit. As the bearish trend started on the 30 April 2019 and was @ 0.68113. So there is a lot of money to be made. If the market does not go in the direction then place you stop loss @0.65505. this is placing your risk at very small (0.08%) which is just below the last support as there is more bearish to go. Either way there is a lot of potential in this curreny pair.
Long
by lukeconder
NZDCHF FOR A BULLISH RUN As you can see, price retraced creating a good buying opportunity. Price retraced 50% of the Fibonnaci retracement and met some solid support at this level. From this point, price has potential to carry on moving bullish to our Take profit. Price and RSI have also created bullish divergence, which we would use as confirmation. The stop loss would invalidate the trade should price move to that zone. Risk 1% and no more then 2% if you are more aggressive. Happy trading all.
Long
by Malika_Analysis
NZDCHF approaching resitance, potential drop!NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (100% Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
Bullish Cup and Handle Formation at NZDCHF 4H?Hey guys. I think the photo describe it best. Price has broken the upside area but currently retracing, perhaps due to US bank holiday yesterday. There's a potential Buy opportunity here. My target Entry zone is around 6860 which is the last swing high (higher low, HL). TAYOR Do share your thoughts in the comment section. All comments will be appreciated. Thank you. :-) KHALID HAMID of TFS PRICE ACTION TRADING, TradersAward Best Trading Guru (Malaysia) 2018
Long
by tfspriceaction
1
NZDCHF approaching resitance, potential drop!NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 78.6% fibonacci retracement, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (horizontal swing low support). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
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. . 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). . Targets below 0.65164 support are plausible in wave C of (B). . Thanks for reading! Veejahbee.
Short
by Veejahbee