Having a look on my chart on Renko, Heikin-Ashi , PSAR , LWMA 200,50,40,7 on
D,4H,1H I got a long entry signal .
CHF Unemployment rate increased to 3.4% during the time . Jan was 2.6%
GDP Growth rate decreased -2.6%
GDP Annual Growth rate decreased to -1.3%
Retail Sales decreased to -14.7%
NZD Unemployment rate increased to 4.2% is below...
NZDCHF broke uptrend line and retested it
price based below SMA 100
MACD shows start of bearish momentum
RSI broke uptrend line below 50
price forming AB=CD pattern
so its expect bearish movement to pattern target at 200% fibo and HVN around 0.59250 then to support level around 0.57500
#NZDCHF Best Set Up For Coming Week...
For me this Minor Pair looks really good
We can see a H&S Formation in the TOP of the structure
Also WE can se a Hidden Channel and how price reacts is lovely
Personally I would expect a Drop
Nice Areas For Sell
Entries: 0.6225 and 0.61575
Invalidation Level: >0.6275
Profit Area: 0.6025 And 0.5925
🔱38 and 62 Emas (Price...
On 4H price is above LWMA200
ON 1H price above LWMA but waiting for the hour to pass.
Waiting for a new High and an exit point. If the price reach 0.67300 it will be cool .
Hi
Little settings that I follow in TA and hope is useful .
One picture is like 1000 words .
I am paying attention on fundamental data not only the calendar .
Wish you all the best .
Price has broken out of the ascending trendline along with support after the head on shoulders formation was made. Price is now retesting previous support as new potential resistance creating a new lower high. Will be watching how price reacts at this region for a continuation lower to resume the downtrend & create a new possible lower low next.
NZDCHF is looking to fulfill an inverted head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1...
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. what we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
Welcome to our weekly trade setup ( NZDCHF )!
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1 HOUR
Very bearish price action this week.
4 HOUR
Price closed below main sr level, expecting another push to the downside.
DAILY
Overall very bullish market turned now!
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FOREX SWING
SELL NZDCHF
ENTRY LEVEL @ 0.61570
SL @ 0.62760
TP @ 0.59840
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels -...
