NZD-CHF
NZDCHF Buy This BreakoutAfter breaking the upper range earlier today NZDCHF is now also breaking the 14 EMA, besides that the Stoch RSI also shows strong buying pressure and the ADX made a strong bullish crossover. This all together makes it very likely the NZDCHF will head to atleast the 72 EMA and possibly break it.
Buy: around 0,6770
TP: 0,6820 > 0.6890
SL: 0.6720
New Zealand Dollar / Swiss Franc DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright everyone, check this break of trend that happened these last two weeks. Didn't go too far though, hit previous support and bounced back up on the last hours of Friday's trading.
So lets wait for a break of previous support and confirmation of a trend reversal.
Here's a look at the hourly hitting the fibonacci retracement levels:
Practice patience. Safe trading!
NZDCHF Major Support Break And Reversal Wedge **Short**This pair has broken a major support trendline and is looking to be forming a reversal wedge. I am expecting another bounce from the new support of wedge, then a large break down.
Wait for a clean break down to go short.
It will be invalid above the resistance around the 0.72865.
FX:NZDCHF
NZDCHF SELL STRUCTUREGot a pretty long and drawn out up trend here that recently failed the trend line. I love this one in particular because it started this triangular consolidation right after it broke through the trend line with good downward momentum. A slight rest here with this triangle taking shape should give way to a nice bearish move. Sell the breakout. Enjoy!