Finger cross that price would retrace at the label level and go down. This is a retrace entry position, as I already made an analysis on the first entry on top. For all of you who are looking to re-entry, this might be a good chance to do it.
Good luck!
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Regards,
Ejaz Mian
Month = Bullish
Weekly = Bullish
Daily = Bearish
This is my Ghost Projection of what could happen in the future , Loads of bounces and retest , but moving higher and higher.
Upon looking at Chart from Weekly down to daily, we can see that price has break and rejected the support zone. If a price close below the support level then goes up again, i call it a Fake Bear Breakout. Let see what will happen next, here is my prediction:
1) Red lines represent the Outer and Inner trendline while the blue line is a connecting line of a low to...
ON THIS PAIR NZDCHF, I AM EXPECTING THIS TO MAKE SOME RAPID MOVED BACK UP IN THE NEXT WEEK OR SO.
SEE ON SCREEN INTRUCTION
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H4 - Hidden bearish divergence.
H1 - Price reached a critical zone and is moving lower.
Price is currently breaking below the uptrend line. If we get a valid breakout here we may then start looking for sells with bearish evidences.
Invalidation: If the price breaks and holds above the high at 0.6452 then this setup will be invalidated.
NZD/CHF is currently in a strong bearish momentum and is looking for a break further below.
As we can see from the candlesticks on the 4H chart and 1H chart, it hasn't been able to find support.
As it breaks the current price consolidation area, we can see it go down 35 more pips.
This is a quick day trade. Risk no more than 1-2% and wait for enough...
NZDCHF is also approaching our first support at 0.644 (horizontal overlap support, 38.2% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6514 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might...
NZD/CHF Hit the trendline from now we will rise up again, Small correction and Rise Higher until the Resistance zone.
From there its not sure what Is going to happen, will we move higher or will we break the trendline and go bearish ?
H4 - Price has reached the trend line, hidden divergence.
If we didn't get a valid breakout here, we may then expect the price to respect this trend line and move higher.
We may then start looking for buys with bullish evidences.
H1 - If we get a trend line breakout with momentum, then look for corrections and then start looking for sells with bearish evidences.
That is a zone that price will most likely react to. Those are the 200 and 800 Ma's. Touching confluent with 200ma on 4hr. We could potentially have a running flat that would then continue upward, or it will correct for further correction down, in which case I would look for 50% retrace from high. I am just posting this out because that at least may be a spot to...
