I think for this pair there is no more space to go up, he entered at 4h in downtrend, so i think it's time to get to 0.60600 area, or maybe to a deeper retest 0.59600. plus as far as I can see from the reports, money is being pumped into the Chf.
Welcome to our weekly trade setup ( NZDCHF )!
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1 HOUR
Bearish break towards previous support zone.
4 HOUR
Prices look like they´ll follow main bullish trend.
DAILY
Good long entries, expecting a push to previous highs!
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FOREX SWING
BUY NZDCHF
ENTRY LEVEL @ 0.61510
SL @ 0.61210
TP @ 0.62020
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels -...
Price is looking like it will continue the move to the downside. On the lower time frames, a correction is forming which adds confluence for the continuation. Of course there is a possibility we hold this channel bottom and head back up to the channel top but the market will give us confirmations in order to take advantage.
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern on a lower time frame and watch strong price action for sell.
I have been watching the kiwi for weeks now and price action has just been developing. Price is at key level of value, similar to NZD/USD so I will be watching to see how the NZD pairs perform this week. Price has formed a channel and now we have touched the top there is a possibility for price to move to the downside. For the longer term play I would be looking...
Hi everyone, publishing my KISS (Keep It Simple Stupid) trend analysis of NZDCHF.
As u tend to use lots of intraday trend analysis i find this setup a bit more clear for everyone to understand.
But back to business,
NZDCHF was trading for the last couple of days in a falling wedge pattern, under 200 EMA on 1H/4H timeframes. With occasional (false)breakouts.
We...
Price at Key level if hold above this level than it can move up from here we need tomorrow market closing for the confirmation no breakout entry only retest we will add for longs
Looking for continuation long to 0.62600ish. Bought a position on this pair yesterday. The trend is bullish. There is a bullish divergence on the 1HR and hidden bullish on daily !
Goodluck!
Hello traders, here is the trade plan for NZDCHF. For trade entry details please refer to the chart. If you guys like my analysis please hit like. Thanks.
Main items we can see on the chart:
a) The price is on an ascending channel just on the edge of it
b) We saw the breakout of the corrective Structure
c) Currently, we can see a throwback after the breakout (the trading opportunity)
d) On the 30min chart, we can focus on the throwback (defining the correction and trading above it)
e) Target will be 0.62950
