Price has reached a major support level onn daily and weekly .. Though GOing long might be against the overall trend i will be looking to swing the price back to the trend line and if we break the trend line we are going to 0.70000. PS :Not financiAL advice
Interesting buy setup: the price is retouching support/resistance zone. RSI and Stoch are oversold. Divergence on OBV. What do you think?
Price has approached the weekly support {the white line}. We can also see clear divergence on 4H with Stochastics oversold. It's better to wait for the price to touch the white line but I am going long right now with a small lot. Good luck!
Looking for another NZD sell. Wait for 1 more touch of the propel box plus a hot of the trend line with a rejection candle stick formation to take this all the way down the the -61.8%. 200 PIP GAIN 6/1 RR
Sells are looking good for this pair, wait for a retest of the purple box and rejection of the 71% fib before jumping in on this trade. 100 PIP GAIN 4/1
W1 - Price still has room lower towards the bottom of the bearish channel. D1 - Potential bearish hidden divergence. H4 - Bearish trend pattern, currently it looks like a correction is happening. We have two important resistance zones that has formed based on the fibonacci retracement levels of the bearish trend pattern and the fibonacci expansion levels of...
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.
NZDCHF rebounded from downtrend line and supply zone around 0.63200 price below SMA100 MACD shows bearish momentum price forming alt bat harmonic pattern so its expect more selling to demand zone and pattern target around 0.62000
Formation Of Flat Correction Happen Push It Down.
This breakout looks good even on the Quarters Theory Overlay
Looking for this to breakout and to be a nice long trade.
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NZDCHF is expected to drop to 1st support at 0.63243 where it could potentially react off and up to 1st resistance at 0.62992. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.