Price is currently at a Daily resistance zone and we can see that price has been respecting this zone for a number of days. Drop to a lower time frame and wait for a breakout before entering a bearish trade.
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He took a rally in the previous period and he still needs to re-correct, so it is clear that he will break the trend line and will fall at the aforementioned support area.
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Educational
If you are following, please do proper risk and money management
I have been analyzing NZCHF for one month and found that it's creating a Wyckoff Distribution Schematic.
We need to wait until Phase C is completed.
You can follow this analysis if you agree and for short entries in the near future.
Please hit like and share if you agree with my...
Since the March low, NzdChf traded upwards and now is trading above 0.63 resistance
More important is that the pair seems to press on short term resistance and a break looks imminent.
In this case, the pair have a clear road to 0.65 zone
The medium-term trend is clearly bullish now and only a drop and close under 0.62 would alter this
Hallo guys, as you see here NZD/CHF giving us some nice setup to get a long term short postion, the price moving through assending channel almost getting that third touch point compined with the double top at the top of the stracture, this setup plays %90 of the time but when it plays out it can gives a huge percentage
how do you see guys this setup? thanks
trade idea
Ingenuity Trading Model-
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 we focus on are the equity, futures, and forex markets. The geometric element of the model...
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In the previous period, a big rise took place, so now the time has come to re-correct the watch, and it is expected to reach the support area referred to in the analysis.
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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.
- PRICE REJECTING FROM SUPPLY ZONE
- PRICE REJECTING FROM 1 DAY DOWNTREND RESISTANCE LINE
- FAKE BREAKOUT OF 1 DAY HORIZONTAL RESISTANCE LINE
- SHORT FOR 3X+ RR
- SL ABOVE HIGH'S
NZDCHF on the daily chart after the nice bullish impulse never retraced back.
The price broke a descending trendline and a weekly structure.
IF the price will close below the minor structure we can expect a move until the 0.5 or the 0.618 fib level.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
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There is still a big weakness in buying, therefore, when it reaches the resistance and could not break it, a strong decline will fall after breaking the uptrend.
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It will rise to the top at the resistance. If it does not break it, it will descend because it needs to re-correct the previous rise.
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