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Nzdchfshort

NZDCHF Setting Up For Another Sell-OffOn the daily timeframe NZDCHF has been decreasing. We can see a clear lower low and lower high. I'm interested in this setup because. I just lost a 4 hour trade which means price is retracing. If price continues to retrace and can stay below 0.58632, I'll be looking for a sell. What can invalidate this trade? 1. If price does not come back to my estimation zone I will not be triggered into the trade which means price is still moving down. 2. If I am triggered into the trade and price passes 0.58632, I'll be stopped out of the HTF trade. This means price can potentially go higher and I must readjust. Am I ok with the invalidations? Yes. they are what keep protect me from overtrading and tell me how I should adapt. How am I managing the trade? This setup is a 2.24 risk to reward setup. This means whatever my position size is I will gain double and more on the trade. I don't risk more than 1% on an trade. So if I were to risk 1% my reward will be 2.24%. I risked 0.50% my reward will be 1.12% Whatever I risk is my loss and I am ok with what that is. My goal is to lose what I risk or lose no money at all by setting break even points if price moves in profit. I do believe it's important to set all parameters before entering trades. My belief: I deserve to sleep peaceful at night while my trades run. Well, this is my analysis after losing my first trade. I'm excited to keep this journey going. Safe trading. Be blessed. Shaquan
Short
by ShaquanLopez
1
🔻Potential SELL setup for: NZD/CHF👩🏽‍💻Technical: Monthly & weekly time frames are suggesting strong bearish power in the market based on the recent moving average of 20 crosses on the weekly. On the daily, I have marked a strong support zone that has not been broken yet, along with a moving average of 100. 🎯 For an ideal entry: I would aim to wait for the price action to break 4-hour support, push > exhaustion to the previous area of sensitivity, and then potentially enter on a bearish engulfing candlestick closure if possible. Aiming for a possible 0.57415 level, which corresponds to the previous daily bottom.
Short
by fxtraderkristina
NZDCHF Trading Plan - 26/Jan/2023Hello Traders, Hope you all are doing good!! I expect NZDCHF to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
NZDCHF Trading Plan - 20/Jan/2023Hello Traders, Hope you all are doing good!! I expect NZDCHF to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
1
NZDCHF Trading Plan - 14/Jan/2023Hello Traders, Hope you all are doing good!! I expect NZDCHF to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
NZDCHF: BEARISH Market Analysis! Watching for REVERSALHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the NZDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In higher timeframe , the market has been following a strong bearish impulse, currently in correcting movement, took out the previous swing with a nice possibility to see a market reversal. In lower time frame many bearish confluences make us confident to be waiting for a good entry price. The market broke the first LTF structure and we would definitely try to take this opportunity! When, where and why would we step into the market? This a typical formation of the M pattern, usually a reversal formation. Considering the overall bearish bias, we will be looking only for short position if further price action will form during the upcoming sessions. Our first target would be the bottom of the structure and so on, lower swing if the momentum will be strong enough. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
21