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NZDCHF Long Position In Near TermNZDCHF has been testing the current resistance of 0.59075 level in its strong upward move. It has already touched this resistance level FOUR TIMES! Yes, you read it right, four times! As can be seen in the chart, NZDCHF really seems determined to continue it's upward move. I expect the uptrend to continue, and for NZDCHF to touch the next resistance level of 0.59350, which is where I have placed my take-profit level.
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NZDCHF buy on H2Plan : trendline breakout --> wait for the price to bounce off from trendline support or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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NZDCHF long trade ideaPlan : trendline or resistance level breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
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NZDCHF trade idea on H3Plan : trendline breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
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NZDCHF sell on H5Note : we have seen the price clearly breakdown the support level and now that level is becomes resistance, if you understand what I mean, this is a good call ;)
Plan : wait for prices to bounce off horizontal resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
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NZDCHF ShortNZDCHF Short
Wait for confirmation on sell zone
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NZDCHF SellNZDCHF Sell
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NZD/CHF - 100 Pips+ OpportunityNZDCHF has broken above the 50 and 200 EMA and has been in a consolidation for quite a while.
As it finds its support and confirms it, we can expect a move higher up.
This is a very probable continuation pattern.
To be entered within the next 8-16 hours if everything goes as expected.
*I'd personally let this short term push up happen and wait for the low test after it, which will confirm that it can't go down, to enter in the long term up move.
*Keep in mind that if the low test fails, then we would love for either a complete reversal back down or simply a dip down for a push back up. The more data we get, the more confirmation we'll have as to what will happen.
Trade safe.
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.
Sell NZDCHF on H&S Chart Pattern & Bearish Engulfing CandleThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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