Looking for a pullback to retest the broken descending trendline and continue to the upside. Opening longs on 0.618 fib retracement in confluence to the the highlighted S&R zone.
Evening Traders,
Today’s Analysis – NZDCHF- currently trading above the 200 MA with the resistance cluster being the immediate target for a shot sell.
Points to consider,
- Macro trend bearish
- 200 MA & Range Midpoint confluence
- Resistance cluster target (short sell)
- Daily support retest
- Oscillators above 50
- Below average volume
NZDCHF’s macro...
Similar to the other NZD pairs, price is in a key area of value and it is likely we will se price react in this area. A first target would be the trend line and if we break, then we will look to reach the beginning of structure.
💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
Let's take a look at NZD/CHF on daily chart. We can see that price is at key resistance line. We believe NZD will have tough week and many pairs involving kiwi will see down...
Hey everyone, if you disagree with my analysis please comment below with why. I'm new to trading so every bit of advise i appreciate and take on board.
p.s enter above the resistance
Thank you.
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.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Main items we can see on the chart:
a) The price is inside an ascending trendline
b) Currently, we can see a corrective Structure (yellow line)
c) What we are waiting is a bullish breakout of the correction
d) If that happens we will wait for a corrective structure on a lower timeframe like 1H or 30M
e) The target we will be aiming is 0.62900
Welcome to our weekly trade setup ( NZDCHF )!
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1 HOUR
Sideways moving market structure.
4 HOUR
At range low, expecting another push to the upside.
DAILY
Overall turning bullish now, good long entries!
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FOREX SWING
BUY NZDCHF
ENTRY LEVEL @ 0.61050
SL @ 0.60720
TP @ 0.61520
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different...
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.
