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Nzdchfshort

Will the support line of NZD/CHF have the power to stop Bears ?Hi Traders, hope you all have a fantastic Sunday afternoon. Today we take a look at NZD/CHF price forecast for next week. Since 19th of March price has been in nice Ascending channel. Support line of this channel has been tested couple of times since the start of channel. However, we here at Triple Pips think that the biggest test is going to happen in start of next week. Last 2 trading days have been all Bears. Does the support line has strength to stop them ? We don't know that yet that's why we are going to wait for either Long or Short. For Long we will wait for price to bounce back from the support line and if the price will breakthrough the line we will open Short positions. The Relative Strength Index shows us the down-side pressure is only starting. (RSI 47.59) Let us know in comment section what do you think is going to happen ?
Short
by UnknownUnicorn3249870
NZDCHF H1 ANALYSISHello traders, we currently have a short setup for NZDCHF on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you short in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard! *Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
Short
by ApexParagon
NZDCHF technicaly based - structure break 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 NZDCHF technicaly based idea, we can see price is break trend line, candels foramtion is strong bearish, technicaly indicators showing we can expect higher push down in price, SUPPs can be used for TP targets. 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
by UnknownUnicorn3983388
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