Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern on a lower time frame and watch strong price action for sell.
TF: 1 Hr Looks like some bearish divergence is emerging on the MACD and Stochastic. Price is forming a rising wedge so shorting around here may workout.
Looking for continuation long to 0.62600ish. Bought a position on this pair yesterday. The trend is bullish. There is a bullish divergence on the 1HR and hidden bullish on daily ! Goodluck!
Main items we can see on the chart: a) The price is on an ascending channel just on the edge of it b) We saw the breakout of the corrective Structure c) Currently, we can see a throwback after the breakout (the trading opportunity) d) On the 30min chart, we can focus on the throwback (defining the correction and trading above it) e) Target will be 0.62950
Main items we can see on the chart: a) The price is inside an ascending trendline b) Currently, we can see a corrective Structure (yellow line) c) What we are waiting is a bullish breakout of the correction d) If that happens we will wait for a corrective structure on a lower timeframe like 1H or 30M e) The target we will be aiming is 0.62900
Welcome to our weekly trade setup ( NZDCHF )! - 1 HOUR Sideways moving market structure. 4 HOUR At range low, expecting another push to the upside. DAILY Overall turning bullish now, good long entries! - FOREX SWING BUY NZDCHF ENTRY LEVEL @ 0.61050 SL @ 0.60720 TP @ 0.61520 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6125). 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...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6125). 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...
NZDCHF rebounded from major uptrendline with bullish movement Pair is based above demand zone at level 0.6040 Price broke corrective downtrendline MACD shows start of bullish momentum RSI rebounded from oversold region It's expected for the continuation of bullish momentum to first target key level at 0.6170 then finally target supply zone at level 0.6300
price at resistance daily close is good confirmation. we will try to take the retest of this support.
The NZD/CHF rejected the 0.63 handle and turned lower. As of this writing, the NZD lost the 0.62 handle and is in the process of losing the 0.61 handle. I'm looking for a minimum test of the 0.60 handle, where you can see clear resistance before price finally managed to close above. This serves as my first profit target on a short position. If we get below the...
Overall outlook bearish, from monthly time frame market has broken through support then retraced to new resistance (currently retesting) Accumulation Phase, hedges generating liquid before they short. Seeing a build up here, Market may soon drop from resistance to next major support 200EMA shows downtrend on M,W & Daily
Looking for shorts, after last weeks move was retraced slightly.