This is why I am looking at it like that. As long as it keeps following this pattern I can trade it. The next sell would be very nice if it makes a corrective move up.
After reaching the lower boundary of a downtrend channel on July 3, the New Zealand Dollar changed its market sentiment against the Swiss Franc and started to retrace to the upside. During this period of upward movement, the exchange rate breached some major significant resistance level. Namely, the 55-, 100-, and 200-hour SMAs. Also, the rate dashed through the...
NZDCHF is approaching our first resistance at 0.6720 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). Ichimoku cloud is also showing signs of bearish pressure in line with...
Wait Fundamental Support!
Watching for a break of the bottom trendline & support zone for shorts..
D1 - We have two critical levels on the way down. H4 - Price is breaking below the range. If the breakout holds, we can then look for sell entries with bearish evidences towards the important levels below.
Everything on the chart. Trade Safe!!
looking on the daily chart for NZDCHF we are looking at a good setup for a short. This is a good set up for possible swing trade until next week or friday. will be keeping eyes on this going into the end of the week.
H1 - Price broke below the uptrend line. We may now want to see a correction to happen, with the price retesting the breakout. We may then start looking for sells with bearish evidences.
On the 4hr chart NZDCHF a bearish gartley has formed. This is a good opportunity to place short positions on the pair. Use proper money management.
0.68000 Key level holding as new resistance, & price is still following a downtrend but has been stalling. Counter trendline broken, now waiting for a break of the red line support for shorts ..
NZDCHF Sell Idea @Weekly Supply Zone (0.68854 - 0.69784) Sell Limit: 0.68787 Stop Loss: 0.69914 Take Profit: 0.67407 Risk Management = 0.01/$100 Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level Close partially the contract once it reaches 80% of the profit
A long signal triggered a few hours ago at 0.6777. Note that NZD weakness was caught by a signal on NZDUSD - original post here Price bounced off a small S/R level then produced the signal, and price has moved sideways since. Given the ranging market conditions of this pair, I would play conservative and keep my target levels at the next S/R up. But that's...
NZD/CHF is inside a rising wedge, sell now while its at the top of the resistance, TP's can be found in the chart, place SL just above the resistance.
Price is still holding its downtrend structure, making a double top to dynamic sup/res 0.68000 . Potential ABCD pattern still in play, watching for a break of the counter trendline & neckline for confirmation of price to make a new lower low & continue the downtrend..
Possible ABCD pattern here, price made a pullback & has rejected resistance with a pin bar. From here price should see a trend continuation to make a new possible lower low .