NZDCHF has broken out of descending trend line resistance in line and is pushing up towards horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices push past buy entry, prices might continue to push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement. If prices reverses...
NZDCHF on the 4 h chart creates an inverse head and shoulder pattern. The price which was moving inside a descnedinding channel is now testing the resistance zone and according to Plancton's strategy if the market will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
price is making lower low lower high inside a parallel channel on H4 time frame.
NZDCHF is in a bigger channel and has approached the channel support. We have reached the channel support within a descending channel which is typically a reversal pattern. Also, we can draw a descending trendline and watch for breakout and put stops below the channel. Looking for the previous top as take profit. Goodluck and trade safe!
NZDCHF holding below long-term descending trendline resistance. A short-term drop below our entry at 0.64396 and also Fibonacci confluence zone towards graphical swing low level at 0.63979 could be possible. Stochastic is testing resistance as well where the price dropped in the past. Any opinions, news, research, analyses, prices, other information, or links to...
Important breakout on NZDCHF. The price has violated a previous structure low setting a new lower low lower close. It looks like a long-term bearish trend will resume soon. To catch the next swing move consider an underlined red resistance cluster, based on a previous low and resistance of an expanding wedge pattern. Goal - 0.637 ❤️Please, support this...
Fundamental bias: Strong bullish 1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has remained broadly well supported in times of risk-on and as the overall risk outlook and tolerance of the market has improved over recent months. With coronavirus vaccines programs now underway in many countries, we expect the months ahead to...
Prices are facing bearish pressure from horizontal pullback resistance in line with 100% Fibonacci extension and 50% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 50% Fibonacci extension . If prices continue to push up, prices might face resistance from horziontal swing high resistance in line with 127.2%...
NZDCHF on the 4h chart reached the weekly support level. The price is moving inside a descending channel and is possibly looking for a lower low. According to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...
NZDCHF is moving inside a descending channel. The market after the recent low at the 0.64300 started a move to the upside and currently is testing the descending trendline. According to Plancton's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure...
Confluences: Bullish engulfing Lower bollinger band outbreak Rejected strong support/demand zone Long term uptrend Close above 20 EMA TP set at the candle body high of the previous highs. SL set below engulfing candle low (safe) or below 4H engulfing candle low (riskier). A close above the resistance trend line will confirm further increase in price. Will be...
NZDCHF respects minor downtrendline Price is based below key level at 0.6475 Below SMA 100 It's expected the continuation of bearish momentum to target level 0.6350
NZDCHF is moving below a descending trendline. The price after that reached a weekly support and tested it a few times. Currently, the market broke below and now re-testing the resistance. According to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
NZDCHF is moving below a descending trendline. The price reached a weekly support and tested it a few times. According to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡...
NZDCHF is moving below a descending trendline. The price reached a weekly support and according to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...
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NZDCHF is moving between 2 resistance in a tight range. The market created a few equal candles with spikes meaning that price is looking for a direction. According to Plancton'0s strategy if the price will break above and the conditions will be satisfied we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...