Nzdchfshort
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.
NZDCHF 1H👋 Hello and welcome traders to another trade
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NZDCHF - Bearish BiasNZD - BEARISH
1️⃣ Troubling Covid-19 trends as US President Joe Biden signed 10 executive orders aimed at jump-starting his national COVID-19 strategy to increase vaccinations and testing as the country continues to struggle with the pandemic.
2️⃣ European Central Bank President Christine Lagarde warned the virus continues to pose a serious risk after policy makers voted to keep pumping unprecedented amounts of stimulus into the economy.
3️⃣ The BusinessNZ Performance of Manufacturing Index sank to 48.7 in December, as rising COVID-19 uncertainty and a slow global vaccination program dented sentiment.
CHF - BULLISH
1️⃣ The negative risk tone support the safe-havens CHF.
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Technical
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We are looking to sell the NZDCHF at SBR + below SMA 50 on the H1 chart.
NZDCHF shortCHF appears to be strong. Based on that, this analysis is done and it is pointed out that the velocity can change at one place depending on the model created. This will give us more confirmation to successfully enter into the transaction as it shows a successful retest by breaking a channel format.
Short Opportunity For NZDCHF!!! Retesting 161.8% Fib Level...As you can see, we managed to see a nice 261.8% fib rejection with price heading all the way down. For now, we are seeing a short term BULLISH movement which I believe wil be a retest to 161.8% fib level before further BEARISH continuation. I have identified the supply zone as seen from my chart. I am expecting great BEARISH pressure at this zone. I will be expecting price to move till 0.6200 ish price level.
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Bearish engulfing candle on NZDCHFThe cross pair is showing bullish weakness and chances are price action will dictate bullish sentiment based on a touch of upper trendline. Rsi and PA are diverging thus strengthening the bearish sentiment. Trade settings are shown on the chart. Stops will be trailed according to PA.
Wave Correction Bearish Crab PatternNZDCHF WAVE CORRECTION AND BEARISH CRAB PATTERN
This setup was on friday, trade is running already.
Market Sell Order Set Up.
Sell Entry: (0.64300)
Take-Profit: (0.63501)
Stop-Loss: (0.64601)
Max Risk-Reward: (2.65)
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NZDCHF 470 PIPs SWING 🇳🇿🇨🇭Hello Traders ! 😎
Who doesn't love a SWING TRADE ? 🥰
So here we have a nice downtrend on the DAILY CHART.
The pair has been respecting the trend nicely, and we are expecting a drop of 470 PIPs during the next weeks.
Feel free to use this trade.
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ZIONTRADES TEAM 🦁
NZDCHF Strong Resistance Area!!!Previously, we managed to see a 261.8% fib level price rejection which was also where a resistance level lies (0.6373). After which, we saw a BEARISH movement to the support level @0.6320. As of now, I will be expecting consolidation on this support and resistance level as there is no signs of breakout. Therefore, a short opportunity will be valid here.
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