SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find resistance at current levels at @ 0.688 - 0.693 levels and move towards the first Target 1 level @ 0.678 FX:NZDUSD Trade Management Entered @ Sign up for details Stop...
NZD looks like it is going to depreciate against other major currencies.
Hey! Despite CHF "crash", NZDCHF offers us a trade opportunity - SELL trade criteria: - Two trendlines should act as a resistance. The fat black line is more important than the tiny one above of it. - The orange line should act as a resistance level - The round number just above those levels 0.69000, which also should act as a resistance and it also should work...
Currency Pair: NZD.CHF Time Frame: Weekly, Daily, 4hr & 15min Predicted Direction: Short NZD.CHF updates will be available in the comments section below. The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Similar to EURCHF, buying this pair with a conservative SL @0.675 and TP near 0.69. Daily: Weekly: Confidence: B (unlike with EURCHF which is riskier, this one I'm a little more confident despite the current price action shying away from my entry point because of strong macroeconomic fundamentals in NZD as mentioned in my blog).
W1 - Potential double wave, price is nearing the 61.8 fibo level. D1 - Bearish hidden divergence. H4 - Price is moving inside a channel, price has also created a triangle pattern and is respecting it so far. Bearish divergence. There are two possible scenarios from here: Scenario 1 – We may expect the price to move lower, break and hold below the bottom of the...
Get ready to short here....Potential Gartley pattern Formed
going long after it broke the key leven and retested on the 15m and hourly
Bearish Crab Pattern Entry Sell 0,67815 Stop Loss 0,68605 Take Profit 0,67025 (fibonacci retracement 0,382 AD) Rasio RISK : REWARD = 1 : 1
Testing a theory on NZDCHF with this continuation short. Will see how it ends up.
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 !!
Shorting this pair here with marked targets and stop loss. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I think CHF is going to strenghten against most currencies this week.