NZDCHF trade ideas
NZHCHF - In a range-Prices consolidating on the weekly from a downtrend, it either will continue downwards or reverse upwards
-However overall still downtrend on the weekly based on 100 EMA
-Prices rejected support turned resistance multiple times, hence, i am trading the retest of the 0.382 Fib + demand zone of range at the same area
-This is an intraday trade
NZDCHFWe have a break of Market structure. This appeared last week. hoping to continue the upward movement when the pair touches my FIB key area of 0.764 at 0.53250. hoping to harvest 120 pips till 0.54500
Watching the 12345 pattern that has completed the 3rd wave. hoping to ride with the 4th wave at that zone of 0.53250
NZDCHF I Bullish breakout and possibly headed toward resistanceWelcome back! Let me know your thoughts in the comments!
** NZDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZD/CHF! 6/12 Any opportunity to give DOWN prices?⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price continues to circle around the nearest resistance zone, today there is no news that will have too much impact. The price cannot break through this zone yet, NOVA will give a SELL signal here
⭐️ SET UP NZD/CHF PRICE:
🔥SELL zone: 0.54000 - 0.54150 SL 0.54600
TP1: 0.53700
TP2: 0.53400
TP3: 0.53000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
NZDCHF H4 | Bullish bounce off 61.8% fibo?Price is falling to our buy entry at 0.5371, which is an overlap support level, aligning with the 61.8% fibo retracement. Our stop loss is at 0.5345, which is below a swing low support level. Take profit is at 0.5411, which is a swing high resistance level.
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NZDCHF Will Go Higher! Buy!
Please, check our technical outlook for NZDCHF.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.540.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.545 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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