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Nzdchfshort

NZDCHF Looking for a pullback to go short for the week of 15 AugThis pair is obviously bearish and recently has been consolidating in an upward sloping equidistant channel. Many traders call this a bear flag pattern. What makes this setup more interesting is that price has just bounced below a significant s/r level near 0.6070. If you look at the H4 chart above, you can see 2 recent bounces off the level, the bounce today ended with a nice engulfing candle. In my opinion, we are ready to head lower. The question in my mind is whether we will see a small pullback up to the s/r level at 0.6070 or perhaps to the top of the channel structure. I am hoping that the bulls will make 1 more attempt and give us a better entry to take a short. The logical target should be located above the next support in the 0.5900 region. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and support!!
Short
by Trading_Vista
Looking to Sell NZDCHF from here!!!Hello Friends, happy new week. NZDCHF's dominant trend on the HTF is downward so here on the 4hr timeframe, a reversal setup (what you have on this chart is the most simplified form of whychoff) has been printed to potentially continue the Overall bearish Trend that the market has been in Since... I'd be applying my entry/confirmation model within the red and blue marked zone if I find it... it will put probability on my side... Isn't that what we want as traders? to put probability on our side?? Note how its a reversal setup but we are aiming to continue the overall dominant trend... Focus your energy more on continuing the trend rather than trying to reverse it... you'd be right 99% of the time .. the only 1 time you'd be wrong is when the market finally reverses.. but if you're always on the side of reversal.. you'd be wrong 99 times and only right the 1 time that the market is ready to reverse... Your choice... chow
Short
by DM_FX_
NZDCHF: Price has started unfolding final wave (Y)Key levels: 0.6520 Price is forming a corrective descending channel for 13 months. Currently, the price is facing resistance at the upper band of the parallel channel. As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y). Traders can short for the following targets: 0.6362 - 0.6274 - 0.6124- 0.6052. Invalidation: Breakout of wave (X)
by forextidings
2
Jamie Gun2Head - Selling NZDCHFTrade Idea: Selling NZDCHF Reasoning: Entry Level: 0.6217 Take Profit Level: 0.6182 Stop Loss: 0.6233 Risk/Reward: 2.19:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre