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Nzdchfsetup

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
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
NZD/CHF - 100 Pips+ OpportunityNZDCHF has broken above the 50 and 200 EMA and has been in a consolidation for quite a while. As it finds its support and confirms it, we can expect a move higher up. This is a very probable continuation pattern. To be entered within the next 8-16 hours if everything goes as expected. *I'd personally let this short term push up happen and wait for the low test after it, which will confirm that it can't go down, to enter in the long term up move. *Keep in mind that if the low test fails, then we would love for either a complete reversal back down or simply a dip down for a push back up. The more data we get, the more confirmation we'll have as to what will happen. Trade safe.
Long
by MoolahMaker