Evening Traders,
Today’s Analysis – NZDCHF- finding range high as resistance, a reversion to range-mid is probable,
Points to consider,
- Price Action Impulsive
- Mid-Range Support (.382 Fibonacci Confluence)
- 21 EMA Dynamic Support
- Range High Resistance
- Below Average Volume
NZDCHF’s immediate price action is impulsive above Range Low; a retrace is...
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.
NZDCHF on the 4h chart after bouncing over the weekly support has created a nice impulse inside a minor ascending channel.
The market after breaking above the 4 resistance now turn support couldn't create new highs.
IF the price will break and close below the structure and consequently break the channel, we will set a nice short order according to Plancton's...
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In the event that he breaks the ascending line, it will continue towards the downside at the support area, and it may take a slight upside correction and fall more than before
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Plan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Ingenuity Trading Model- Swing Trading Algorithm used in- Stock, Forex, Futures, and Crypto markets
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems...
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on DAILY: NZDCHF is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes.
on M30: NZDCHF formed a valid trendline in red so we are waiting for the last swing to form to consider it our trigger swing.
Trigger: Waiting for a...
4h: end of wave 5.
1h: end of wave 5 as a Ending diagonal triangle pattern.
fibonacci clusters shown on chart.
sell stop at: 0.6300
stop loss: 0.6350
first tp: 0.6190
Im gonna try to mix up my trades a bit and not go all out on usd like everyone wants to do!
Im selling this all week to the line on the chart. 20 pip stop loss
