NZDCHF brokeout above the symmetrical triangle resistance. RSI is printing a bearish divergence signal. Price is printing the head and shoulders trend reversal pattern. Sell entry ⬇️ - breakdown below the head and shoulders neckline support. Target 🎯 - fibonacci retracement levels. Setup invalidation ❌ - breakout above the shoulder resistance level.
Hey traders, This week I am currently looking at a potential sell on NZDCHF , as you can see from my chart, we are looking at a Head and Shoulders pattern. Before I do enter a sell position, I will be looking for a break of support which I have marked with a white horizontal line. You may be wish to enter when the 4 hour candle has closed below support or you can...
Welcome Back. Please support this idea with LIKE if you find it useful. *** In the event that it falls, it will fall strongly to touch the rising trend line, and then if it does not break it will rise again. ***
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
FX Strategists at UOB Group, NZD/USD could have charted a short-term top and is now seen entering into a consolidative phase. “We expected NZD to ‘drift lower’ yesterday but we were of the view that ‘the strong support at 0.7010 may not be easy to crack’. However, NZD briefly dropped below 0.7010 (low of 0.7006) before rebounding to close little changed at 0.7042...
taking the pair long after the pull back to the neckline
Just going to trade what I visualise and manifest it. Sell Limit placed.
- PAIR HAVE FALLEN TO A SOLID LEVEL OF DEMAND - SL BEHIND STRUCTURE DEMAND - TARGET MEDIAN LINE
here is an area were we would like to see the market take a dive to our highlighted area below
This pair is set to go long, just waiting on the pull back 👍
NZDCHF rebounded from demand zone around 0.6250 price broke downtrend line MACD shows bullish momentum so its expect bullish movement to HVN around 0.6360 then to resistance level around 0.6380
NZDCHF currency pair fall into a decision spot. This is is telling us posible trend reverse on H1 timeframe or bullish continuation from daily perspective. If bearish move from H1 trending continuation will happen, we are looking price to break an important support level at 0.62560. If bullish move from daily perspective will push price higher, then current spot...
end of correction wave, based on Elliot zigzag correction waves.
After some strong movement to the upside NZD got exhausted and we saw a pullback. If this trade confirms it might be an end of it. With a nice 1:3 RR Not the cleanest trade so make your risk lower than usual. DovyFX
Watch strong price action at the current levels for BUY. GOOD LUCK!
In December 2019, the price collapsed from the strong resistance line at 0.655. And for the entire 2020, she was unable to return to her previous positions. Now the price has again come to the same strong resistance line at the 0.638 point. A resistance zone formed here: the strong line of 2015 + the line of 2019. The price never broke through the 2015 resistance...