NZDCHF Sell at KEY levels!Hi Traders,
NZDCHF was rising within LTF ascending channels inside an expanding structure which gave indication that a reversal was coming, however price was simply not ready to fall which has a massive rally upwards. Looking for a short at double top level towards top of the HTF Expanding structure boundary.
Watch for bearish price action before pulling the trigger.
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NZDCHF, looking for strength in CHFHi Traders,
Looking at NZDCHF, we can that price impulsively pushed down from mid 0.65 which made bearish continuation which then pushed down further creating another continuation correction. Price is moving within an LTF ascending channel which we should see a drop to the lower boundary 0.611 range. As the Global events happening between Russia and Ukraine, safe haven currencies are strengthening which CHF is expecting to see growth. If we get a breakout of HTF correction there is possibility to continue its fall as investors see CHF as a safe haven currency when the world is is question.
This will be interesting to watch for next week.
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NZD/CHF 4HR SELL SET UPHi TRADERS this is my trade set up for the NZD/CHF for the new week ahead
NZD/CHF I am expecting it to pull back in to order block area, then will be looking sell after getting a good confirmation candle or pattern
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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NZD/CHF - Descending TriangleA possible bearish rally could be the next technical phase of NZD/CHF once the support at 0.8310 is finally broken. There is a ''Little to No'' doubt about it, and the momentum could be a rapid one towards the downside of the market.
So, Watch-out and be patient for the breakout below the current overly consolidated support zone around 0.8320-10 price level.
NZDCHF | UpdateNZDCHF is trading is bearish parallel channel, making lower lows and lower highs. Current price is a base support of parallel channel and indicator suggesting bullish divergence here.
Alternatively, breaking this channel will call more bears into the party and price will drop sharply. Trade your levels accordingly.
Trend continuation short NZDCHF 24 Jan, 2022The pair is in a downtrend, Friday’s candle was large (moved 70 pips) and broke below the support zone at 0.6170 with some serious momentum. Price is also well below the 200dma and I am looking for a retracement and indication of a bearish continuation.
The obvious target would be in the 0.5960 region. If this works out as I expect, we are looking at a + 2R trade.
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NZDCHF: Do not miss this long term sell opportunityA week ago, I made prediction on this pair. I stated that the pair is in a strong downtrend on a higher timeframe. Price reached the resistance of the downtrend and got rejected strongly. I was looking for long term short positions since I saw a strong bearish engulfing bar. From the time of my prediction, price fell nearly with 185 Pips. I expect more decline this coming week. For new entries I will be looking for bearish continuation structures for sell positions.
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NZDCHF 4H CHART ANALYSIS, SHORT POSITION. A possible new short position on NZDCHF can be opened considering that the pair didn't managed to continue with the bullish channel. The stop loss at 0.65515, while the first TP at 0.63975 and the second TP at 0.62620. The break of the support at 0.64580 equals a continuation of the bearish momentum.
An important fact to consider is the stronger demand for the safe haven currencies (US dollar, Japanese Yen, Swiss franc) due to the raise of COVID 19 cases.
NZD/CHF:DOWNTREND|SWING TRADING SETUP|SHORT...Welcome back Traders, Investors, and Community!
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