NZDCHF Sell Idea @Daily Supply Zone (0.6899 - 0.69456) Sell Limit: 0.68918 Stop Loss: 0.70016 Take Profit: 0.66641 Risk Management = 0.01/$100, With Stop Loss Risk Management = 0.01/$200, No Stop Loss (Recommended) Recommended Leverage not to exceed 1:50 Recommended Risk Ratio 1:2 Close partially the contract once it reaches 50% of profit, Move stop loss...
NZDCHF is approaching our first support at 0.6763 (horizontal swing low support, 61.8% & 38.2% Fibonacci retracement ) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6850 (61.8% Fibonacci extension, 61.8% Fibonacci retracement ). Stochastic (89, 5, 3) is approaching its support where a corresponding bounce...
this pair is dropping at least to the trend line. nice triple top!
Hi Traders, The EURNZD seems to have completed a minor ABC zigzag correction within a major ABC zigzag pattern. . The price is currently reversing from a key support level and has the potential to move up towards the ascending channel resistance. . We will wait for the price to trade above the blue Counter Trend Line with a five-wave impulse, and then we will...
Sell upon rejection Invalid is when price travels well above the 1.131% based on the structure
D1 - Price is nearing the critical zone formed by the two trend lines and a strong resistance zone. Hidden bearish divergence. H4 - Price is nearing the critical zone formed by the fibo levels of the cycles. Once the price reaches this zone, we may then look for evidences of bearish pressure and then start looking for sells.
After analysis i can say we will have much more bigger down trend now. Chance 100% good for invest.
Hi traders, this is my setup for NZDCHF for the next week. I will open 4 positions with 4 different targets at the fibonacci retracements as sell stop order. And 4 positions as sell limit order for the case that the macro M complete. This is the daily timeframe, so let the trades run as swintrades. Have a creat trading week. Stefan Forex
NC at major resistance level. R:R is not bad to risk a sell at this point ;) -- Best of luck! Felipe
Price has formed 2 rejection candles at resistance along with the major weekly descending trend line, & a pin bar candle has formed to finish off the last day. Will be looking for a reversal back to the downside from the highlighted zone above..
Price at resistance: If ascending channel gets broken, it will be a good sell. but if the market decides to break the resistance. it will be a good buy. Lets see how it plays out this week. (The market will do what the market will do)
We need to see a clear break of this trendlines, maybe we can get a better entry here, hope for a last up move and than entering short! Otherwise I sell the breakout