Waiting for the price action to break this trend line and continue to the downside. We have a sell pending order placed at 0.68730
Potential Bearish Cypher on NZDCHF sell @0.7000 TP1 @0.6920 TP2 @0.6860 pattern failed if price closing above X point and there you should put your stoploss
Price rejected the trend line and the 61.8% fibo level.
Hello, everyone! I hope everyone week is going well. Today, we are looking at a bearish 5-0 on the 1D chart with the NZD/CHF. Price is making its way down to C point measuring in at 1.618, which is also a very strong support and resistance zone for this pair. With price reversing at C point, we can look to place a position at the 0.50 retracement coming in...
Active Bearish Cypher on NZDCHF sell @0.6851 TP1 @0.6827 TP2 @0.6804
PRICE IN LARGE CONSOLIDATION BEARISH IMPULSE BEFOREHAND GOOD INDICATOR OF FURTHER DOWNWARDS MOVEMENT
NZDCHF seems to be in a range for the past 1 months after the drop prior to that. Pattern identification Noticed in the earlier post, there was a potential Bat pattern forming, how that quickly became invalid and now we could be forming a bearish Shark pattern. If rice goes higher than PtC here, then this Shark too becomes invalid. Shark Pattern to complete...
Hi, is it availed bat pattern ? I'm trying to learn this technics. Pls correct me if i'm worng thx.
The pair seems to be at resistance now, we could be looking at a CD leg trade. The down before the buy based on the pattern. Pattern identification Bullish Bat pattern completing at 0.6960 Trade Execution Looking to go short before the buy. Hope to see a smaller pattern or a setup to go short first down to the completion of the Bat pattern.
OANDA:NZDCHF I have been watching this pairs closely today. They have reached an important price from which it can breakout UP or DOWN. I am kind of into a bearish movement which will be executed over different stages as illustrated on the chart. If it broke above the current resistance then it will try to hit 0.70700 and from here a different scenario might be adopted.
Hi Traders, Price is at a previous support and resistance zone which has been tested multiple times, wait for a bearish engulfing or evening star pattern on 4HR time frame, or a double top at a lower time frame. Once you get that confirmation it would be a good idea to go short and targets can be booked at next structure support 0.7000 and target 2 at...
Its good to buy 0.7035 levels. Target is 0.7150. Good Luck!
This pair seems to be consolidating after an impulse down. According to my analysis, it should make one more move down to complete the whole structure. If it breaks the flag, sell this pair.