NZD/CHF has broken under the 50 ema on the 4H chart. As long as the 50 EMA holds as resistance, the push further below is active. Wait for the close of the candle on the 8H chart. No trade has been opened yet. This is only an idea and expectation of what can happen. Therefore, we must wait until we have a good signal and confirmation. That would be to open your...
General direction is moving higher, price is pulling back and we can see clear buy sensitivity. Looking for price to continue to build support and push higher to its previous swing high.
I AM LOOKING FOR THIS PAIR TO BREAK THE SUPPORT AND RETEST TO GO SHORT. THE WEEKLY AND DAILY TIME FRAME SHOWS THE PAIR IS READY TO GO BEARISH AND THE 4H CONFIRMS THAT PER WHAT PRICE IS TELLING ME.
This is good to play as levels and every breake you can move SL to next point.
NZDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Price action at Strong Resistance Trendline (Since Jan 2015) - Price action at 61% Fibo retracement levels - Gap between 8EMA and 50EMA too wide - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 0.6825 - 0.6925 SL: 0.6998 TP: 0.6453 RR: Approx. 3.42 (Depending on...
Price reversed from weekly support and broke out of midterm descending trendline and resistance zone. Price has the potential to retest the broken resistance level that is lined up with 50.0 Fib ratio and moving averages as support to make an upside continuation move to the weekly descending trendline & resistance zone. Considering that the correction has...
In today's video update, we go through NZDCHF. This currency pair has been rising for a few weeks now and could correct back down into key support before continuing on its uptrend.
Pair: NZDCHF Position: Short Ascending trend line broken, price is approaching 38.2, should the 4hr close close enough i will look for a short position
NZDCHF has a high probability to go long, to knock out a couple of stop losses, create a false breakout to the top, confuse people then only sell very hard.
Assuming S&P continues to rally from time to time and stays above 2700 (instead of plunging down again to 2500 level), still safe to be bearish on CHF and JPY. Riding the bullish momentum of NZD again driven by its strong economic data, and buying this pair again with TP near 0.69462 weekly resistance (up to 0.70 psychological resistance), and SL/trailing SL near...
Note -NZDCHF showing signs of slowing down after intraday rejection of higher price (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT RESISTANCE -NZDCHF at long term resistance trend line -NZDCHF showing bearish divergence on 4H time frames -Stochastic severely overbought at resistance Entry -Keep enough distance below the...
Hi there. Price is forming a reversal pattern to change it’s direction. Wait for the price to hit the top of the pattern and watch strong price action for sell. We forecast that the down move will be corrective or will form a continuation pattern to the upside. Let’s wait and watch how it behaves.
we are in a corrective cycle possible range then buy or a higher low then buy