NZDCHF=BUYDaily 5 wave structure has been completed with the price now making a retracement on the 4 hour to continue to the upside.
NZDCHF trade ideas
NZDCHF 4H LONGNZDCHF has lost its momentum to downside.We got Daily bullish trend.
I expect 38% or more retracement on NZDCHF
SHORT NZDCHFDISCLAIMER THE BELOW IS JUST MY IDEA TRADE AT YOUR OWN RISK
TECHNICAL
1.First we start with the four hour moving average ribbon of 50 high and 50 low we can see how it acted as resistance for price
2.The previous two weeks have been in a clear downtrend which is marked by the four hour linear regression channel, and price has touched the +2 standard deviation line.
3. Monday took out the high of the inside bar(last week Wednesday candle)
4. Today we have good accumulation of volume which is also overlapped with yesterdays
NZDCHF is BullishPrice was in a downtrend, however a matured bullish divergence hinted that bulls are trying to control price action. The notion was confirmed by the break of previous lower high. If bulls manage to sustain the pressure then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
NZDCHF - Long active !!Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. We have here hidden divergence and rejection from level 0.52000. As well on H4 we have confirmation of regular divergence.
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Bearish criteriaI'm still learning so i don't really know how to translate my ideas to words that another trader would understand, if you come across this, please correct me as soon as possible.
Institutional Demand: NZD/CHF LongAlso liking this one, clean play from a counter zone.
4-hour shaped up nicely already.
kind regards,
max nieveld
NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
NZD/CHF pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.519 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD is much stronger than CHF here on the lowsNZD is much stronger than CHF here on the lows, the price could easily go up.
If we get the confirmation, we are already in the positon with my followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
Always apply good risk management it's what defines your destiny in trading.
Dave FX Hunter ⚔
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
NZDCHF LONGi enter NZDCHF long, i see trend line brake on 4h, bullish divergence on RSI. on 4h i dont see trend brake yet so that is why i put SL on prevous DAILY level.
On daily looks like bullish divergence on Stochastic but not so clear.
will see how this will work out.
NZDCHF - Sell StopNZDCHF - The setup is to sell at the point where price breaks the previous low. It can be seen that the price is at strong resistance plus forming a bearish divergence, which shows the momentum of the buyers is decreasing.
We'll sell at the break of previous low.
NZDCHF - SELLNZDCHF sell opportunity, price moving in ascending channel making the corrective wave for the next impulsive wave to the downside. bearish flag on the daily chart. corrective needs to complete before a short position.
Bearish sentiment on NZDCHF The sell setup on NZDCHF is backed by the following confluences-
1) Market Structure(BoS)
2) Supply
3) Imbalance
4) Liquidity
So patiently waiting to see a possible retracement back to the supply. If it does I’ll go further to the lower timeframe to look out for my confirmation Choch model of a- higher high, higher low, higher high and then an impulsive/aggressive lower low. If it emerges successfully, i look for my confluences of Supply, Imbalance and liquidity on the ChoCh structure. Place my entry on the supply and my profit target will be a 1:3RR.
Note: the market is all about probabilities which also makes my analysis a probability.
NZDCHF is BEARISH until next demand zoneWe have a bearish 4hr trend with a latest break of structure to the downside. A 4hr fvg is still open with a bearish orderblock.
Possible Scenario 1:
- Price mitigates fvg+OB and break structure ⬇️
Possible Scenario 2:
- Price takes out swing high, manipulate and continue bearish.
Possible Scenario 3:
- Price forms bullish orderflow and switch bullish
ALL THE ABOVE is what could possibly happen as the market continues. Manage your risk well.
NZDCHF - Reversal to Bullish trendCurrent Market Sentiment: The NZD/CHF pair shows signs of a potential bullish reversal.
Key Observations:
Trend Reversal: The market has been in a bearish trend, but indicators suggest an impending reversal.
Bullish Divergence: Recent price action has formed a bullish divergence, indicating potential upward momentum.
Double Bottom Pattern: The formation of a double bottom pattern reinforces the possibility of a trend reversal.
Key Support Level Bounce: The pair has bounced off a significant support level, validating the strength of this support.
Overall Assessment: With a total score of +2 from the analysis, the sentiment points toward a bullish trend for NZD/CHF. Keep an eye on key resistance levels and potential entry points for trading opportunities.
NZDCHFSwing trade idea at NZDCHF
RR:3
entry : buy stop 0.5229
sl : below 0.51800
tp : as you wish
it's not financial advice but it will happen.
NZDCHF On the 4 Hour Time frame for an upside confirmation: A double bottom formed perfectly, and A BOS is currently forming. RSI and MACD show a bullish divergence. A perfectly structured MA on the MACD shows an upward trend.
The 1 1-hour time Frame has a resistance which would likely be broken due to multiple tests and rejections.
It has chance to push up to the Mondays highsIt has a chance to push up to the Monday highs
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
Bearish drop?NZD/CHF is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 0.52213
1st Support: 0.51741
1st Resistance: 0.52620
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