Nzdchfsignal
NZDCHF: Do not miss this long term sell opportunityA week ago, I made prediction on this pair. I stated that the pair is in a strong downtrend on a higher timeframe. Price reached the resistance of the downtrend and got rejected strongly. I was looking for long term short positions since I saw a strong bearish engulfing bar. From the time of my prediction, price fell nearly with 185 Pips. I expect more decline this coming week. For new entries I will be looking for bearish continuation structures for sell positions.
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NZD/CHF Could we see a small retracement equal to 150pips?The price looks like it could easily make a retracement according to the Monthly chart of at least 150 pips
In Monthly:
The price is currently in demand zone. We could see a rejection of this demand. If we want to measure the possible retracement all we have to do is take the fibonacci from high to low of the current impulse. Doing so we can clearly see that the .5 fibonacci level is in good confluence with previous structure. We could expect a retracement at least to the .50
In weekly
The price is over extended. When price is over extended we could expect a correction. To measure the correction we have to use the fibonacci in the current impulse. The .618( golden level) is in confluence with the weekly structure as well monthly structure.
In Daily
The price have created an inverted head and shoulder which means a possible reversal of price action.
NzdChf- Range trading?Since March's high, NzdChf has started to trade in a range with a very clear bottom at 0.6260
I'm bullish as long as this low support is in place and, in the medium term, the pair can rise to 0.6570 resistance
Buy dips towards this support can be a good idea for a trade with great R:R
NZDCHF LONGAs we can see the pair ( NZDCHF ) is moving in a descending channel on the 4Hour and Daily Time frame, the pair has bounced from the support level and lower trendline of the descending channel , we expecting a retest of the levels shared on the chart.
Please enter the trade from the ENTRY LEVEL.
We taking this trade based on technical analysis and price action.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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nzdchf sellnzdchf sell :
Reasons :
1)following my regression trend
2)at support level now,once it breaks we can go form a sell position to the next support level
3)nice pattern trend has been formed since last months
and today chf news is going to release so we hope it comes advantageous to us,
take profit : green line
stop loss : red line
entry : blue line
Ascent or descent ??Description :
As you can see, it is in a long-term uptrend channel and after hitting the roof of the channel, it has a downtrend channel in its heart, so we have a long-term uptrend line and a short-term uptrend line if the uptrend line is If the downtrend line overcomes, the downtrend line will break and we should expect a good uptrend, but if the downtrend line overcomes the uptrend trend, dynamic support will break and we should expect a downtrend.
NZDCHF - GLobal uptrend
Preconditions
- local uptrend
- global uptrend
- accumulation (blue zone)
- triangle break up
- key zone
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade