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Nzdchfshort

NZDCHF Downfall Incoming...SHORT opportunity!!!Lets start off by looking at the current price action. We can see a nice double head pattern both rejected off the trend resistance level. We could see that price movement did obey this trendline closely with multiple rejections. Definitely, there is a small resistance level at 0.6045 but I believe such strong BEARISH outlook will give us a great short opportunity. I do see a breakout to the upside but a short BULLISH movement is still possible retesting the trend resistance once more (lower head) before the BEARISH movement. As of now, this pair is looking rather BEARISH!!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
2
NZDCHF SHORT PRICE ACTION FORECAST The price remains under clear bearish bias, expecting a pullback towards the previous demand zone for downtrend continuation after the retest allows the placement of a sell order capturing the movement towards the prior support area. The order: Type: sell-limit S/L: 16 pips - R:R | 1:2 - T/P: previous support -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
1
NZDCHF: Rejection off resistance level...What now?Once again, NZDCHF obeyed its trend line as it continues to fall within the range of the trend lines. We could see NZDCHF price level obeyed this trend resistance level multiple times with no sign of breakout. Keeping the overall trend in mind, a recent rejection with a continuation BEARISH movement to what seems to be a H&S pattern potentially forming. What we can see now is a rather strong BEARISH outlook for this pair with no sign of breakout just yet. I will see it retracing back to 50.0 fib level drawn in my chart forming a support zone with 0.6040 support line. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
NZDCHF on a fib level 🦐On the daily chart NZDCHF got rejected by the trendline and started a retracement move till the 0.382 fib level. Market hit the daily resistance and in now turning back for the bullish trend. If the market will break below the lower structure we can set a nice short order according with Plancton's strategy ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
1