Nzdchfshort
NZDCHF - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( NZDCHF )!
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1 HOUR
Very bearish price movement!
4 HOUR
Pressure and closure below main sr level.
DAILY
Overall bearish market after a pullback, good short entries.
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FOREX SWING
SELL NZDCHF
ENTRY LEVEL @ 0.62810
SL @ 0.63090
TP @ 0.62430
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
NZDCHF - short entry on the breakout of the bearish flagThis pair is at the top of H4 TF Rising Wedge Structure. While reaching this top area, it form another corrective rising wedge structure in H1 TF.
Its now breaking below the Risin wedge in H1, and forming bearich continuation flag pattern. I enter short entry on this pair on the break of the flag, with sl above tha flag, targetting to at least to the bottom area of h4 rising wedge structure at 0.60500.
Lets see how will this one play out. Good luck
NZDCHF Sell TRADE IDEA. Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NzdChf- 0.61+ tells a storyThe long-term trend for NzdChf is bearish and after recovering from this spring lows the pair is ready to resume its downwards trajectory.
Last week NzdChf tried to reconquer 0.61 but without success and we have 4 longtailed candles in this zone (2 being clear pin bars)
I favor short positions with a SL above 0.6160, as for target 0.5950 support could be a good place for TP
NZDCHF short trade ideaPlan: wait for the price to bounce off from supply zone --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX