NZDCHF bearish ideabearish trend on daily chart, we see a big bearish candle as a good entry zone.
Good luck!
CHFNZD trade ideas
nzdchfnzdchf had previously broken its upward trend sharply. Then it received a reaction from the 0.54400 resistance and made an upward move. In this case, I think we can collect profits up to the 0.5440 region if the position is entered from the 0.5488 resistance, which is within the fair value gap.
NZDCHF: Bullish Continuation & Long Trade
NZDCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDCHF
Entry Point - 0.5470
Stop Loss - 0.5454
Take Profit - 0.5496
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCHF – should I short this? … the week of 08 July, 2024This pair is at a significant level of 0.5500 but I have to admit that I am a bit double minded. I want to go short, but cannot rule out a bullish continuation either. So let me list the Pros and Cons.
Pros
Preceding trend was bearish.
Price is consolidating in an upward sloping channel – also known as “bearish flag” pattern.
For the past 5 trading days, price has been unable to close above 0.5500.
Many wicks to the up side.
Cons
Price is above the 200dma.
Most recent price action is bullish.
Weekly chart is bullish, previous structure was broken.
The best way forward is to put this pair on our watch list and we make our own decision. Deciding not to trade this is a valid decision too.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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How I Caught the Spike Down on NZDCHF Using This Great StrategyIn this video, I explain the Restricted Market Structure strategy and how it differs from the traditional Market Structure strategy. You'll learn how to set up trades using this unique approach and discover which currency pairs are best suited for it, as well as which pairs to avoid.
Key points covered:
Detailed explanation of Restricted Market Structure strategy
Differences between Restricted Market Structure and Market Structure strategies
Step-by-step guide to setting up trades with the Restricted Market Structure strategy
Best currency pairs to use this strategy with and pairs to avoid
Real-life example with NZDCHF, showcasing how it caught the big drop on the H1 chart perfectly
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Disclaimer: Forex trading involves significant risk and is not suitable for every investor. Carefully consider your financial situation and risk tolerance before entering any trade. Always perform your own research and seek advice from a licensed financial advisor if needed.
NZD/CHF at the Brink: Is a Major Sell-off Imminent?📊 Introduction:
The rising wedge pattern is a technical analysis formation that often signals a potential reversal in an uptrend or the continuation of a downtrend. This pattern is characterized by converging trendlines, where both the highs and lows are rising but at different rates. The formation of a rising wedge usually indicates weakening momentum in the upward trend, which can lead to a bearish breakout and a subsequent downward movement in the price. In this analysis, we will examine the impact of this pattern on the NZD/CHF currency pair in the 4-hour timeframe.
🔍 Technical Analysis:
The NZD/CHF currency pair is currently in a downtrend on the 4-hour timeframe, and multiple indicators suggest that this bearish momentum may persist.
1. Candlestick Momentum:
o One of the primary indicators of the continued downtrend is the noticeable strength of the red candlesticks. These bearish candles not only dominate in size but also show stronger momentum compared to their green counterparts, indicating a prevailing selling pressure.
2. Rising Wedge Pattern:
o Another significant indicator is the formation of a rising wedge pattern. This bearish reversal pattern, characterized by converging trendlines, suggests a potential breakdown. If the price breaches the lower trendline of the wedge on the 4-hour chart, it is expected to decline to the pattern’s base.
3. Support and Resistance Levels:
o Given the persistent selling pressure observed in higher timeframes, a critical level to watch is the 0.5489 support. Should an hourly candle close below this support, it could trigger further declines, targeting the next key support level at 0.54131.
📉 Conclusion:
The NZD/CHF pair is under significant bearish pressure, with technical indicators pointing towards a continued decline. Traders should monitor the critical support levels and the behavior of candlesticks closely to make informed trading decisions. The rising wedge pattern's potential breakout and the strength of the red candlesticks are key factors suggesting further downside potential.
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⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any trading decisions.
NZD/CHF BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
NZD/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.541 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the NZD/CHF pair.
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NZFCHFNZDCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
MY TRADE SETUP SELLING AREA NZDCHF Hello Friends
**NZDCHF SELL Trade Setup**
**Currency Pair:** NZD/CHF
**Trade Direction:** Sell (Short)
**Entry Point:** 0.55191
**Stop Loss:** 0.55272
**Take Profit:** 0.54257
**Technical Analysis:**
**Risk Management:**
1. **Position Sizing:**
- Ensure the position size is calculated based on your risk management rules, typically risking no more than 1-2% of your trading account on a single trade.
2. **Trade Management:**
- Monitor the trade closely for any signs of reversal or unexpected market movements.
- Adjust the stop loss to break even once the trade has moved in your favor by a certain amount (e.g., 50% of the take profit target).
**Conclusion:**
The NZD/CHF pair shows a strong bearish setup based on both technical and fundamental analysis. Entry at 0.55191 with a stop loss at 0.55272 and a take profit target at 0.54257 offers a favorable risk-reward ratio. As always, ensure to follow your trading plan and risk management rules.
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Feel free to adjust the specifics according to your analysis and strategy!
NZDCHF shortThere is a bearish divergence which indicates a reversal. The ZXY index is bearish and CXY index is bullish which further supports my analysis.
NZDCHF - Bullish continuation (Short Term Trade)NZDCHF likely to go further up. If it continues, will test 4 hr resistance area. There is no divergence on RSI and already broke the previous support area. Buy Entry can be taken at FIB level of 0.5 with stop loss on previous LH.
NZDCHF Strong buy opportunity within the Channel Up.The NZDCHF pair delivered a fast-profit buy signal last time (May 09, see chart below), with the price even breaking above the established Channel Up:
A new Channel Up prevailed as seen on the current chart and since it held the Support of the 1D MA200 (orange trend-line), it broke again above the 1D MA50 (blue trend-line) and gave a bullish confirmation.
We expect the extension of the uptrend in the form of the new Bullish Leg of the Channel Up (1D RSI also rebounded on a bottom formation similar to all previous buy opportunities). Our Target is 0.56750 (Resistance 2).
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NZDCHF Rising wedge fakeout A fakeout has formed, making it seem like the price broke above the pattern but then failed, leaving a significant shadow as a sign of rejection at the trendline. Additionally, there is a 0.786 Fibonacci area around that region.
Typically, the target for a rising wedge pattern is a downward movement, which increases our optimism for short selling.
SL: 0.55152 (13 pips)
TP: 0.54697 (+2.5)
NZDCHF: Bullish Reversal Confirmed?! 🇳🇿🇨🇭
NZDCHF leaves multiple bullish clues on a daily:
I see a bullish flag pattern and a cup & handle formation.
Both the trend line and a neck line of the patterns are broken.
We can expect more growth now.
Next resistance - 0.553
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Nzdchf broke the line!in my last idea for Nzdchf i told that it will break the upper trendline , it has been broke now we will head to the target that is the top resistance
Nzdchf broke the line!in my last idea for Nzdchf i told that it will break the upper trendline , it has been broke now we will head to the target that is the top resistance
ICT Long setup NZDCHF H1 chart👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDCHF for session trade (a couple of hours)
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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NZDCHFNZDCHF is in BEAR trend with no divergence at Bottom making LH After LL with 0.5-0.618 fib retracement
NZDCHF Short Term DowntrendSeveral factors pointing to a drop on NZDCHF from current levels:
- RSI divergence on the recent high
- NO RSI divergence on the recent low
- Blue resistance zone
- Mid-channel resistance zone
Expecting first a test of the bottom trendline, and possibly a breakout to the downside.
NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.540 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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