NZDCHF - Potential shortMay be premature at the moment, but if we see some bearish price action at the 0.6710 to 0.6725 area, it could be seen as a lower low and hence good area to go short
Nzdchfshort
(4H) Gartley @ Weekly // Butterfly @ Montly // IF=THEN ®FX:NZDCHF
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC
261% ext BC
Targets:
TP1 61.8% CD
TP2 127% CD
Wait for divergence... ;)
Safe Trades;
NZDCHF Weekly Analysis, potential short reversal from 0.68500Hi,
Throwing up another chart from my weekly analysis for any feedback.
A double bottom has formed around the 0.64000 level and is rising. IMO if price breaks through the 0.66600 level resistance should occur at 0.68500. I believe this would be a chance for a reversal set up if a bearish candlestick pattern formed. Eg: High test.
I would be looking to exit around the same level as the double bottom.
By the way I am beginning to analyse all my pairs on the Sunday before the trading week, so make searching for daily set ups more accurate and more efficient. Any advice on that is accepted too.
TIA!
Newzeland NZD OCR reduced to 2.5% NZDUSD Short MoodThe Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent.
particularly in China.
Combined with increases in the labour supply from strong net immigration,
posting a financial stability risk.
CPI inflation is below the 1 to 3 percent target range,
