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
Nzdchfsetup
NZD/CHF Made A New Lower Low And Sell Setup Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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
NZD/CHF Finally Close Below The Pattern Let`s Get Those Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZD/CHF New Analysis To Catch More Than 300 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZD/CHF Major Trendline BreakoutThis broke above a major trendline last week and has now retraced to test the trendline again. If this continues to drop then it will just be a false breakout but momentum seems to be with this as NZD is strong at the moment and CHF has not been great. Looking for this to turn higher from current price or slightly lower at 0.382 Fibonacci. Also need to see EMA's cut back for long before entering a trade.
Target 0.66047 although there is resistance between current price and there so there could be some hold up in that area.
NZDCHF | Perspective for the new week | Follow-upIt has been a good ride since my last publication (see link below for reference purposes) has price cruised 180pips in our direction and it appears we shall be looking forward to Higher Highs in the coming week(s) as the structure continues to support a Bullish run.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern | Supply & Demand | Double Top | Breakout
Observation: i. I noticed that Fr0.64200 has served as either a Supply or Demand level in the last 30 days and this makes it an area to focus on in the coming week as price finally comes back after the Breakout (Retest).
ii. Since the Breakout (@Fr0.64200) that happened during the first week of February 2021, the price has been going through a corrective phase.
iii. Our duty at this juncture in the market is to seek the expiration of the correction and find a Demand level to join the rally.
iv. Last week saw price form what looks like a Double Bottom; However, I shall be patient to seek confirmation as the price might decline to find 61.8/78.6% retracement of Leg AB (@Fr0.63900) before the rally begins.
v. As we can see, we might be looking forward to the completion of a harmonic pattern (AB = CD) in the coming week(s) as Buyers gain momentum.
vi. And for the cautious traders :) - a Breakout/Retest of Neckline @ Fr0.64500 might be a good signal for you... smiles.
Trading plan: BUY confirmation with a minimum potential profit of 130 pips.
Risk/Reward : 1:5
Potential Duration: 5 to 12 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 Buy (Long) Trend ContinuationWe have a sell setup on this pair, which has ran into a key level. However, NZD was overall on an uptrend before falling into it's current range. We're looking to buy near the bottom of this range and aim for the upside, with a trend continuation possibility if the supply level fails to hold.
NZDCHF Short (Sell) Trade Setup IdeaPrice sliced straight through a sell zone where we were looking for a potential short and is now heading towards a slightly stronger supply zone. We wait to see if there will be good price action from this zone, signaling for a potential short opportunity. The two areas in the middle of lighter green are potential supports where you may want to book some profits but the stronger demand zone is at the very base of this move and would be our final targets.