Looking at the NZDCHF, it appears the pair have now completed a A.B.C Pattern, and is now ready to head lower.
My brief Monthly, Weekly, Daily & 4hr NZD.CHF chart analysis. I will be updating this pair as we progress to give a clearer insight into what i'm watching. Sell stop order is currently in place.
Tonight at 22:00 (GMT+1; London) we will see the release of the Interest rate decision from the Royal Bank of New Zealand (RBNZ). There is widespread all-but-certainty that this rate will sit static at 1.75% due to to soft economic growth amidst debated inflationary pressures. It has been whispered that depreciation is key to economic growth domestically within...
SELL ENTRY: 0.70714/ SL: 0.70854/ TP:0.70327 LONG SET UP ENTRY: 0.70325/ SL: 0.70134/ TP: 0.70946
Shorting this pair to the recent lows. Might move my stop loss to the 1.272 extension of the XA leg.
Daily inside bars and false break on strong weekly level. Possible to go short.
Update for the Sell Idea that we are following from last week. On the H4 chart we will have a second false break if the current candle closes 0.7067. A break below the most recent trendline and the most recent low is what I am looking for on the H1 chart. Look for a small correction after the breakout and then enter to increase the risk reward ratio. Final...
I just noticed this beautiful H&S formation on the NZDCHF which completed a few days ago. My stop is at 0.69156 This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree...
Pair is expected to move inside the H4/D1 range. Until the last high holds, we can looks for sells towards the bottom of the range. The uptrend line on H1 chart can be used as our trigger. Protection should be placed above 0.7050. Target 1 – 0.6890 Target 2 – 0.6770 Invalidation – If price breaks above 0.7050 before we get triggered.
Hey guys here we have another sell order. Note : price has to break that high before the order goes in Best of luck
My Current view of NZDCHF
Hello everyone, we have an opportunity to short this pair towards highlighted targets. For any questions leave a comment or DM me. Good luck
We had a nice impulse on H4 TF. And now the flag formation is about to complete soon. Watch lower TF for PA to enter the market.