After analysis i can say we will have DOWN trend here.
I expecting TP2 i will upd late.
Chance for invest 100% good.
TP1: 0.68970
ENTRY: 0.69120+-
SL can be 30% of invest
Chart time frame - H4
Time for reaching TPs - 2-8 hours
Follow, Like, Share or Comment
Thanks on supporting!
All best!
Primary trade setup:
We see a graph that strives to pass over the area of 0.69, in the temporality of 1 day we find a trend line.
We also see an upward trend that shows signs of fatigue. We always wait for a retest before entering, in this case to a sale.
If the fall starts now, then we wait for the first retest below the previous highs.
Secondary trade...
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur to our major support at 0.6779 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk....
News--Decrease in Oil demand.// Monthly Chart-- Price trading in equilibrium.// Weekly Chart--Price trending higher.// Daily Chart-- Waiting for pullback to fresh demand below 0.6850, with room for price to rise to the 0.7100 area.// Risk to Reward--Risk=55 pips, T1=110 pips, T2= 275 pips
Buy limit
Entry point: Blueline
SL: 12 pips
TP: 10 pips
Feel free to contact me on telegram @khaledmap if you want to know more about the market and volume profile trading strategies and define the resistance and support.
Hey!
This year high is made and from there we got a rejection from:
- The trendline since 2017 July (black line)
- The round number 0.69000
- The previously worked resistances
The rejection ended up with a bearish candlestick pattern called bearish Engulfing!
Do not forget to support my idea post by hitting the "LIKE button!
Thank You!
Have a nice day,...
Hi there. Price has formed a reversal pattern at the top of the pattern for one more move down. Watch strong price action at the current price for sell.
NZDCHF is approaching our first resistance at 0.6945 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9278 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we...
NZD/CHF retraces above 20-DMA, intraday bias bullish.
Technical studies have turned bullish. Scope for test of trendline resistance at 0.69.
Breakout at 0.69 will accentuate upside. Next major resistance lies at 0.6939 (Dec 4 high).
On the flipside, the pair finds immediate support at 20-DMA at 0.6843. Break below 55-EMA negates bullish bias.
Support levels -...
Price is now at resistance / 61.8 fib at the 0.68600 region, where ill be watching for a reversal back to the downside back towards the ascending trendline.
Our NZD CHF analysis is similar to our NZD USD " No Surprise there "
Entry is still 80 pips away for a cheaper short
we are looking for +300 pips with a 30 PIP stop here
But we will wait for a cheaper entry
have a great trading week
