I have identified an expanding on this pair and typically expanding tend to move higher to the upside. Price has the potential to head higher to the top of the expanding, and perhaps even break.
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.
Sell position now valid on NZDCHF, our strategy does the hard work and we simply follow - our strategy has numerous confluences built in already.
Regards
Darren
The market after an upper move inside a channel has recently move to the downside.
After a double top, price has move out of the channel cutting the EMA 21 and now testing the first resistance structure.
If the market will break and close below the structure we can look for a short position according with our strategy.
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Here is the...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.618). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.618). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Nzdchf has recently created a head and shoulders pattern and price is currently below the neckline of the pattern. I will simply be looking for a retest of the neckline, CONFIRMATION that the neckline which once acted as support is now resistance, and then i will be place a sell order. Stops will be placed reasonably above the neckline. targets will be at the...
- Higher highs and higher lows
- Pullback to 0.382 likely, but we could see a
further push down to the 0.618 FIB, trendline
and 50MA
- Break of the 50MA on the weekly
Plan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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...
Price reached major resistance zone.
Bearish trend line is also serving as resistance.
Risk reward ratio is good
risk reward ratio is good, risk 1 get 2
Main items we can see on the chart:
a) The Major Structure of the current movement is the weekly descending trendline
b) The Second most important structure of the current movement is the Support Resistance zone
c) We can see that the price rejected the zone of the descending trendline + the support resistance zone
d) After that, we observed the...
