We have received the impulse that has confirmed more downside for this pair. Now price is starting to form a corrective pattern. It is best to look for short after the corrective pattern is completed. Good luck everyone
NZDCHF has closed below the middle Bollinger Band. RSI is below 50. SL set at 60 pips. TP set near previous lows.
The price almost broke the bottom trend line. I will wait for a good price action to enter.
Waiting to sell at trench Volume starts to die down Key Resistance - 0.74 Key Support - 0.71
Short term bearish. Good LRE to short. Candle is not so favourable, however it is in a nice zone. Key Support - 0.712 Key Resistance - 0.722
NZD has been quite weak for some time now. It would be good to catch them. Manage your risk & your account will take care of itself.
Tried three times to cross-resistance and failed. Shorting solid pullbacks
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
Hitting this resistance nicely in the triangle thats forming. Lets see
Nzdchf enjoys channel formations. Price action indicates a return the lower channel next week. I will monitor this pair. Each channel have multiple price reversals at each level. Not a trading pair for the novice Idea only. ;)
Got 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!
NZD/CHF could not form a higher swing high and reversed from the resistance zone. This Pair formed a nice Gartley Pattern. Now I'll wait for a breakout to the downside (out of the ascending Trendline) and enter my short Position after a breakout on alower Timeframe. Profits and Stop Loss are shown in the Chart. Trade safe, Daniel Likes and comments are...
We have waited this moment almost 2 months and now triangle broken. First have to wait to break the top (0.68775) then we can hold longs till 0.72 area. For stop loss previous daily low or weekly low can be applied (depending on your money management).