That .618 level lines up exactly with the 200ma on the Daily. I sold AUDCHF last night but that entry got taken out. Wec can wind up with more of an X wave here but it doesn't look like that currently.
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NZD/CHF LONG POSITION RISK MANAGEMENT ALWAYS USE TRAILING SL MOVE EVERY 10 PIPS TO AVOID LOSSES
Plan : resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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...
NZDUSD iDEA ("01/06 --> 05/06" ::
NZDJPY iDEA ("01/06 --> 05/06") ::
Unlucky with the SL on our 2.5 ATR setting as shown, look for a retest and rejection from the ema for a possible re entry. For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair. We have set these so...
trade I’d seen discussed. 5:1 RRR Broken trend line looking to retreat Will move SL to break even and then continue to lock in profits...
Main items we can see on the 8HS chart: a) The price is on the lower zone of the descending channel b) Also, the price is supported by a strong bullish Area (Massive Support zone) c) We can observe that an ABC Zig-Zag pattern has been broken and now the price is between the broken trendline and the next descending trendline d) Based on this we expect...
Head & Shoulders Pattern, waiting for break of the neckline.
GOING SHORT AFTER CONFIRMATION. Hello, here is my analysis for NZDCHF . Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
After the big down move, price is likely to form the Bearish Flag which is the continuation pattern of the bearish.
NZDCHF based on uptrend line and key level around 0.59800 price above SMA 100 and HVN MACD shows decreasing of bearish momentum RSI above 50 so its expect bullish movement to supply zone around 0.62200
Main items we can see on the 4hs Chart: a) The price made an ABC pattern on the Edge of a descending trendline b) The ABC pattern was supported on a major Daily level c) Now that the price has broken the corrective ABC pattern we confirm the bullish movement d) Our Target for this coming motive wave is the descending trendline at 0.63 e) You can expect...
Going short here after good consolidation near resistance zone of the down-trend! 35pips SL and lets get it! :D