NZD/CHF continues the downtrend and continues to push through points of buy sensitivity turning them into future resistance zones. We are reaching an all-time monthly support zone and I anticipate that we will test this zone before any reversal.
Please support this idea with LIKE if you find it useful. Initiate Long. Entry - 0.63165 TP1 - 0.63686 TP2 - 0.63946 TP3 - 0.64162 TP4 - 0.64353 TP5 - 0.64638 TP6 - 0.64823 SL - 0.63044 Reason: Price formed Double Bottom. Resistance trendline has been broken. -Please consider to initiate a position on a confirmed breakout of horizontal resistance. Thank you...
Please support this idea with LIKE if you find it useful. Initiate Short. Entry - 0.62712 TP1 - 0.672234 TP2 - 0.61957 TP3 - 0.61638 SL - 0.62863 Reason: Price was rejected by Resistance. Price lost its Pivot Point as a support level. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this...
NZDCHF completed AB= CD bearish pattern Price rebounded from key level at 0.6218 RSI reached oversold region MACD shows weakness in bearish momentum It's expected for coming bullish movement to target the HVN at level 0.6328 then going upwards to cover the gap price near the key level at 0.6425
Expecting to see higher bearish maerket, technicaly looks good. ENTRY: 0.63580+- TP: 0.63250 TP2: 0.63000 SL: 0.63900 Chart time frame - 4H Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
ENTRY: 0.63900+- TP: 0.63600 TP2: 0.63400 SL: 0.64130 Chart time frame - 4H Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
OANDA:NZDCHF We have little to analyze here! If it breakup we have to find a resistance that is tested twice, while if it breakdown we have to overcome the support. Now, as we often do, we set alerts and wait for the signal. Even if it warns us, we must always consider that all the conditions foreseen by our strategy are in place to enter, otherwise we monitor anyway.
If you believe in "Phase one" and looking to buy NZD in my opinion you should consider to buy it against CHF. TP1 0.6530 area, target 0.6650. Start watching closely with the move below Sep 2018 lows around 0.6300. I'm trying to sell CHF for a while(linked ideas). Share you thoughts in comments below
ENTRY: 0.64450+- TP: 0.64100 TP2: 0.63700 TP3: 0.63400 SL: 0.64750 Chart time frame - W Follow, Like, Share or Comment Thanks on supporting! All best!
ENTRY: 0.64750+- TP: 0.65000 TP: 0.65300 SL: 0.64650 Chart time frame - 4H Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
ENTRY: 0.64500+- TP: 0.64200 TP2: 0.63900 TP3: 0.63600 SL: 0.64850 Chart time frame - 1D Time for reaching TP - 1-3D Follow, Like, Share or Comment Thanks on supporting! All best!
Nzd Chf currently on its way north we have qm area + a supply zone in front of us and i would like to see some PA right into the zone to look for a short with first target at flip zone and second one at swing low if price is able to break the flip ... in case we break the qm and absorb the supply we need to readjust the plan but so far iam a bear if we arrive at...
This NZDCHF trade could look a little better, but i'm in! if price goes up instead, be ready to buy it in the re-test!! any coments in this pair ?
Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.