I will be posting the Weekly TF of the pair to show what is going on in the bigger picture and why I think it's going up. As it stands the pair is already, or almost finished forming a Flat correction therefore the next assumption is a move to the upside considering the previous impulse. We are forming an Ending Diagonal which acts as further confirmation that...
This pair appears to be in a descending wedge, repeating a pattern from the previous weeks. This would be a long-term play, one to scale into as it runs. It has bounced off of the heavy support previously, and looks to be doing the same here.
Advanced Cypher Pattern short opportunity @ 0.67581 on 1 hour time frame.
I recommend your stops above X at least 10-20pips, ATR, or at your own risk tolerance.
TP #1 0.67405
TP #2 0.67296
NZD/CHF is currently trading in three channels. The senior one was formed mid-September, while the other two emerged only in November. The Kiwi bounced off the senior channel circa 0.6720 last week and has since entered a slight consolidation period.
The current situation shows that the rate is testing the boundaries of two opposing patterns which are likewise...
Hello everyone, we have an opportunity to short this pair towards the highlighted area based on harmonics.
For any questions leave a comment or DM me.
Good Luck
Price has been consolidating for some time now it seems price is pushing out of its counter trend line, if we get a close above the 61.8 fib I expect price to retest & head higher potentially creating an uptrend with higher highs & lows..
