Hey traders, I like a short on this pair. I see a lot of potential downside for the Kiwi against potential bullishness in the Franc. Also, the wedge retainer and parallel channel resistance is strong and there is MA resistance on the 1H. Cheers
The pair has been on a down channel since the beginning of last trading week. We could be seeing some pause here at the completion of the Bullish Butterfly pattern Pattern Identification The bullish Butterfly completed around the 0.6910 levels Trade execution It would be great if this current candle closes to form a bullish engulfing pattern. At this moment...
The brilliant graphical price pattern serves for existing trend reversal confirmation in case of its occurrence on the chart. Traditionally it appears in an uptrend.
Please see annotated chart for details.
NZDCHF going as per expectation, im still In this trade...
Active Bearish Cypher on NZDCHF sell @0.7004 TP1 @0.6982 TP2 @0.6965
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Alright everyone, check this break of trend that happened these last two weeks. Didn't go too far though, hit previous support and...
Following this brief retracement my analysis is showing that the downtrend of NZDCHF will continue. NZDCHF continues to make new lows everyday.
Possible long on this pair, NZDCHF. It hits the downside of the uptrend tube. First safe target is around 0.7183. There could be a point where the support becomes a resistance. Next target could be the Highs, around 0.7300
NZDCHF level 3 down completed, probably long run
Expecting trend continuation on NZDCHF. Last week NZD was going lower but expecting to be stronger against CHF which is affected by eurozone weakness and low interest rates.
I think it's nice area from 0.7250 to 0.7300 for sell. The price must goes down according to bearish divergence. Also we have diverging triangle on 4H. Targets: 1st at ~0.7100 2nd at ~0.6900