Good luck to you! Don't forget to like and share, it really helps. Follow for more. This is just an idea, not financial advice.
NZDCHF managed to hit the 261.8% fib level that we have identified. After that, we saw a substantial retracement but did not managed to hit any of our levels. As price is currently heading towards the supply zone (red area) at approximately 0.6310 price level, I will be expecting a larger retracement to take place. Having said that, I will looking out for a...
The last few years since 2017, the price has been in a global downtrend. This trend peaked in February 2020. The price fell to its annual low of 0.529. After this collapse, noticeable growth began. The price has formed an ascending channel (crossing the main descending channel). Already in November, during the growth, the price was able to break through the...
NZDCHF - with Christmas around the corner and not much volume in the Asian session, NZDCHF has continued to trade in a consolidation channel. After rejection from the support level, the price has been supported by an ascending trendline. Expecting the candle's closing at H4, above the current resistance level, confirms possible uptrend continuation and long...
Looking for the Kiwi to continue to lose strength following it's recent Beast rally ~ Breakdown from ascending wedge, continuation following a retest of the 50MA
I will be closing half of my position halfway through and move the ST to Breakeven
Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
In my view after testing breaking channel and MA200 this pair can move down as per our bias. Good Luck
NZD / CHF is on the major trendline, plus it has not done any valid retest on higher timeframes. So, according to us, this pair has two scenarios, the first is to start the short immediately, and the second is the 0.63200 area variety, and since then the short to certainly 0.61700 area. Where they would certainly be interested in long.
NZDCHF sell signal was valid earlier. Now we have seen price pull back to entry price, you can take another look. Entry 0.62809 SL 0.63029 (22 PIPS) TP1 0.6256 TP2 0.62311 TP3 0.61813 Regards Darren
Market structure - Trendless/Sideways Currently at - Demand Zone Daily & Weekly trend - Bullish H4 - Morning Star candlestick pattern (Bullish) Trend is the friend :)
Good luck to you! Don't forget to like and share, it really helps. Follow for more. This is just an idea, not financial advice.
At the beginning of the year, the price collapsed. Only by March did the pair enter a growing trend. Growth is stopped by the resistance line 0.629. The first time the price touched it in June. Then in October it bounced off the 0.637 resistance zone (crossing of strong lines). One of the lines forming the zone stopped the price for the first time in 2015. And...