Nzdchfshort
NZDCHF breakdown?Analysis
-NZDCHF looking bearish after showing signs of reversal after buyers pushed price up into resistance, wherein sellers stepped in and pushed price down before the daily candle close.
-The price action resulted in a daily candle pinbar setup AT RESISTANCE which is a bearish sign.
-On the 1H time frame, price just broke a bullish trend to the downside.
-There is also bearish RSI divergence on the 1H time frame which further eludes to price possibly reversing to the downside.
Entry, Stops and Targets
-Short Entry: 0.68655
-Stop Loss: 0.69045 (Set stop above the high of the daily reversal candle)
-Take Profit: 0.67953 (Set targets at a minimum of 1.8 times your stop depending on entry)
*Always practice good risk management and know your limit!*
NZDCHF Pending Order SELLNZDCHF Re-Test Weekly Hunter. Good sell down to neckline. (Details on chart)
OANDA:NZDCHF
NZDCHF approaching support, potential bounce! NZDCHF is approaching our first support at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% fiboancci retracement).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCHF approaching support, potential bounce! NZDCHF is approaching our first support level at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCHF short dailyHi traders,
this is my setup for NZDCHF for the next week.
I will open 4 positions with 4 different targets at the fibonacci retracements as sell stop order.
And 4 positions as sell limit order for the case that the macro M complete.
This is the daily timeframe, so let the trades run as swintrades.
Have a creat trading week.
Stefan Forex
NZDCHF SHORT Price at resistance:
If ascending channel gets broken, it will be a good sell.
but if the market decides to break the resistance. it will be a good buy.
Lets see how it plays out this week. (The market will do what the market will do)
Possible NZD/CHF Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will find resistance at current levels at @ 0.688 - 0.693 levels and move towards the first Target 1 level @ 0.678
FX:NZDUSD
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 0.678
Target 2 @ 0.6538
Risk/Reward @ 4.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
NZD CHF - Potential H&S Pattern forming on the 1hr and 4hr TFLooks like a potential head and shoulders pattern forming on the hourly and 4 hour time frames. Wait for the confirmation which should become apparent in the next few bars.
TP target = 0.65922
NZD/CHF : Strong SELL Setup !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
NZDCHF approaching resistance, potential drop!NZDCHF is approaching our first resistance at 0.6819 (61.8% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a drop in price to our first support at 0.6532 (61.8% Fibonacci extension, Horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6742 (Horizontal pullback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6591 (Horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCHF / H4 / SHORTHi traders, this pair is now on a daily resistance zone and is giving some selling pressure around this area so we can expect a fall downwards from here.
NZD/CHF Multiple Short ConfluencesTechnical Analysis for a SHORT:
Daily Downtrend, currently in a LH
Multiple Trendline Taps from Multiple Timeframes
H1 61.8 Golden Fib Retracement
Formed LH on H1
Bear MA Crossover
Broke Support
+Others
NZDCHFCurrency Pair NZDCHF
Time Frame Weekly, Daily, 4hr
Predicted Direction Short
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Updates will be available in the Comment Section Below
NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6735 (Horizontal pullback resistance , 100% fiboancci extension, 23.6% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6618 (horizontal pullback support, 100% fiboancci extension, 50% fiboancci retracement).
RSI (89) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDCHF short trade ideas.NZDCHF is heading down after bouncing off of the descending trendline and there are multiple ways to get involved A) which is more likely to happen and it would be also better to see the trend continuation or B) in case the price fail to push lower and comes back to test the higher resistance.
