NZDCHF: A possible DOUBLE TOP Market Reversal (Signal)Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/CHF
⚪ Technical Analysis :
Since the end of December 2020, the price has been following a clear uptrend until the main resistance zone at about 0.64350, getting a second rejection on the 26th of January 2021.
During this long period, the price reached few times its daily trendline and it is currently re-testing the same level.
The next price action around that zone will be essential to understand the next trend direction.
🔴 Conclusion :
Few weeks ago, the price reached an important weekly resistance zone that rejected it many times is the past.
I believe that we could see an upcoming market reversal and I'll be waiting for a breakout of its trendline before planning my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZD-CHF
NZDCHF looking for short 🦐NZDCHF on the daily chart reached the weekly resistance.
The market is moving inside an ascending channel and now testing the lower trendline.
IF the price will break below, according to Plancton's strategy we can 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 structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡Don't miss the great sell opportunity in NZDCHFTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.635).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.6300
TP2= @ 0.6265
TP3= @ 0.6235
TP4= @ 0.6185
TP5= @ 0.6110
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDCHFTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.635).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.6300
TP2= @ 0.6265
TP3= @ 0.6235
TP4= @ 0.6185
TP5= @ 0.6110
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCHF 470 PIPs SWING 🇳🇿🇨🇭Hello Traders ! 😎
Who doesn't love a SWING TRADE ? 🥰
So here we have a nice downtrend on the DAILY CHART.
The pair has been respecting the trend nicely, and we are expecting a drop of 470 PIPs during the next weeks.
Feel free to use this trade.
DON'T FORGET TO GIVE US A FOLLOW SO YOU GET NOTIFIED EVERYTIME WE POST.
ZIONTRADES TEAM 🦁
NZDCHF - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( NZDCHF )!
-
1 HOUR
Very bearish price movement!
4 HOUR
Pressure and closure below main sr level.
DAILY
Overall bearish market after a pullback, good short entries.
-
FOREX SWING
SELL NZDCHF
ENTRY LEVEL @ 0.62810
SL @ 0.63090
TP @ 0.62430
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZD/CHF Long SetupNZD/CHF had a big push down after that it started having an consolidation faze and them some market manipulation to grab some profits from retail traders. I think it is the end of it and if we can get a nice bullish candle to close above the blue level it will be a nice indication that price will continue pushing higher. Cheers
HEAD AND SHOULDERS ON NZDCHF!!Hey traders,
This week I am currently looking at a potential sell on NZDCHF , as you can see from my chart, we are looking at a Head and Shoulders pattern. Before I do enter a sell position, I will be looking for a break of support which I have marked with a white horizontal line. You may be wish to enter when the 4 hour candle has closed below support or you can enter a short on a break and retest.
As always if you do wish to use this idea, PLEASE ENTER AT YOUR OWN RISK!!
PLEASE FEEL FREE TO GIVE THIS IDEA A LIKE AND ALSO FOLLOW AS IT IS MUCH APPRECIATED!!
STAY SAFE AND HAPPY TRADING.
NZDCHF LongFundamentals are in line for a long position on this pair. The state of the market on the 1H was a range but the price broke to the up side. The price broke the highest price of todays asia session with almost 80%. The pullback from this breach is +/- 50%, we would like to see the pullback go to 61.8% or lower but we can work with this. On the 3m chart there's a V-formation, but the test is still busy.
Nzdchf looking for...Over here i am looking for a pullback to short since the trend seems to have started turning on h4..will see
#shadowingthebigboys
#trading
#forex
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!