Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.5965). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.5965). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
NZDCHF- sell position now valid. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following...
NZDCHF bounced at the bottom of the daily channel and is now testing the daily structure for a possible break.+ IF the market will break above the resistance area we can set a nice long order according with PLancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the...
This pair is currently overbought according to the RSI, it's currently at 78.94. Resistance holding at 0.60977. We may see a price reversal back down to support level 0.60483 and may even go lower to 0.60119
On the daily chart NZDCHF got rejected by the trendline and started a retracement move till the 0.382 fib level. Market hit the daily resistance and in now turning back for the bullish trend. If the market will break below the lower structure we can set a nice short order according with Plancton's strategy ––––– Follow the Shrimp 🦐 Here is the Plancton0618...
NZDCHF WEEKLY OUTLOOK AUG 23 - 28
Main items we can see on the chart: a) The price is inside a Macro Correction b) Currently, the price is on the lower trendline of the correction c) We can draw a descending trendline of the last movement d) If the price breaks above our green arrow, we expect a bullish movement towards the higher trendline of the macro structure
Main items we can see on the chart: a) The major context for the price is the Weekly descending trendline b) We can see that the price couldn't break the support resistance zone and a correction began c) Currently, we can see a macro corrective structure d) Inside that structure, we can see that the price is about to reach the lower zone of the...
After that the market hit our target is giving us a new opportunity for the next trade. On the weekly chart (left side) the market hit the weekly resistance (red) at the top of the discending channel and turn back to the downside. On the daily chart (right side) the price hit our previous target at the daily support (blue) and now testing the structure. IF the...
Welcome to our weekly trade setup ( NZDCHF )! - 1 HOUR Bullish market open and price action. 4 HOUR Overall bearish market about to turn... DAILY Expecting a push to previous highs. - FOREX SWING BUY NZDCHF ENTRY LEVEL @ 0.60470 SL @ 0.60210 TP @ 0.60870 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment...
Wait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a buy limit.
A great example - we no longer use technical analysis at all - but I spotted this from elsewhere. Its a great example - that demonstrates our strategy will catch any big move anyway so save yourself the time and subjectivity. We have no need to draw and analyse our charts - our strategy is already coded and we now execute and follow with confidence and belief...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6036). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...