NZDCHF short intraday/swing trade setup based on lower highs and strong red volume. Price is overextended here and showing significant signs of weakness. This engulfing red candle break to the downside has convinced me to take a short position. Please note: Trading currencies carries a high element of risk where financial loss can be significant. This analysis is...
this still is a long even with that gap.
Price has not pulled back to the neckline of the head on shoulders pattern, also now at previous strong support which ill be anticipating to act as new resistance for a continuation back to the downside to set a new lower low.
Need say more? Obvious short on neckline retest.
NZDCHF 4H PULLBACK TO NECKLINE REVERSAL ZONE SELL AROUND:0.6848 SL:0.6920 TP:0.6725
Pair: NZDCHF Prediction: Buy / Long Target 1: 0.69400 Target 2: 0.69700
read chart Credit: elliotwavecount (his Instagram)
If the neckline is broken, then im selling. A textbook head & shoulders.
NZD looking ready to switch fate into a bearish market with CHF strengthening. Potential Short on NZDCHF which is currently trending near trendline structure (3rd tap) and below fib level.
get a sell with low risk and big profit ... :-)
BUY & SELL 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 !!