D1 - Bullish convergence, currently it looks like a pullback is happening. H4 - Five leg structure, price reached a critical zone formed by the 50% retrace and the fibo expansion level of the cycle and is currently moving higher. Price broke above the downtrend line, we may now start looking for buys with more bullish evidences.
Pair reacted to the 50MA and continue its way lower. Since the 24th of June it made a big move upwards breaking he 0.659 area and that makes me be careful, the pair might gain strength again at the 0.651 area. If so we can trade both the corrective move and then the continuation to the upside. MACD weakly supports the correction move . 4H chart shows both a H&S...
Should see some more strength in the safe havens in the upcoming days/weeks as the USD tumbles.
NZDCHF looks to be forming an inverse head and shoulder pattern at a monthly demand zone. Price on the monthly chart suggests we could be seeing a higher low and that higher prices could be likely. The CHF is getting weaker of recent and could continue here.
ROMPIMIENTO DE ESTRUCTURA EN H4. PRECIO BUSCANDO HACER UN NUEVO BAJO POSIBLE ENTRE EL 618 Y 71 DE FIBONACCI. ACTUALMENTE PRECIO FORMANDO UNA CORRECCION DE BANDERA. EN TEMPORALIDAD H1 SE PUEDE VER COMO SE FORMO UN HOMBRO, CABEZA, HOMBRO Y BUSCA CAER. RIESGO POR DEBAJO DE NIVEL 88 DE FIBONACCI
We are following the SHS formation after a breakout from descending channel. The pair is trying to break down support 0.6550. If it is able to stay below 0.6550, we can see a decrease toward 0.6520. But if it is to stay above the 0.6550, we will follow 0.6640.
NZD/CHF - BULLISH SETUPS ON DAILY CHARTS
NZD/CHF - bullish setups on daily chart
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Clear and simple! read the chart, GOOD LUCK!
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Yesterday I went long in NZDCHF but it has chopped sideways al night now. The setup is picking up speed now, so let's see if can reach my 1:1 in risk reward.
We will be watching NZDCHF for a potential long opportunity. Price has recently tested a key level and could be forming an inverse head and shoulders pattern. If price retraces back to the key highs and the 61.8 Fib and forms bullish price action we could expect prices to continue higher.
Potential Shark PAttern as described on the chart. Watch the Levels / Lines as mentioned.
If this one won't close with new high today, I expect it to retrace at least to 50% (first yellow circle). I'll check it more frequent on lower time scales. Note that charted short position is for now just charted. Weekly view: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
# Resistance level reached # Bearish engulfing completed # Trading back down to support Shorted @ market price 0.65750 # SL above bearish engulfing @ 0.66105 # TP lower @ previous lows 0.65308 To learn the dynamics behind the analysis, please join my mailing list using the link below zc.vg As usual don't bet the farm. Good risk management won't kill you but...