It looks solid long. Cash build up seems to have ended and Magic-T is pointing upwards. Trading currently above all the trend lines and the overall trend is long. There is a potential small profit of a couple of hundred pips, but the risk/reward is fair.
Hello everyone heres a quick setup based on impulse and correction. As you can see that the channel broken down and created the first impulse. Now its forming a correction in the form of an expanding triangle and finishing its final wave up. One can consider to sell the impulse after completion with stops at the high Cheers
Possibly end of the correction, and continuation of the downtrend. It is better to wait for breakout and retest of the support line
Structure Shows that there are possible buy setup if price will go to previous level. It's gonna be huge... Buy Limit Entry 0.7033 SL 0.6937 PT 0.7333
Looking for sell if price will go to the top of the trend line. Sell Limit Entry 0.71383 SL 0.71673 PT 0.70434
trade the signal now , stoploss closing above X level
On the H4 frame, NZDCHF price's has creates a great triple top and on the Daily frame price breaks the flag created over the last month. A very nice correction was done last week, MACD is preparing for fall so we can be sure that this pair will go down this week. Have good profits ;)
nzdusd --------- nzdchf +92 (1M) gbpjpy -90 (1W) audusd +95 (1D) Correlation Source: myfxbook.com --------- Not Investment Advice ---------
Hello everyone heres a setup based on harmonics and structure As you can see that price broke the lower trendline of the leading diagonal , we can look to sell the breakdown of the flag that has been formed.Also we have a gartley pattern which has already started retracing so we can look consider the fib ratios as our targets for thi setup Cheers
this pair is currently respecting the trend line and should moving back up to the 0.71200 area ..
Well, may be it's hard to call it trending right now. But i look at higher TF.
Hi traders, On the NZDCHF I'm looking at the following setup. The chart pretty much says it all. We have a completed AB=CD pattern, 161.8% Fibonacci extension and previous structure at the same area. Entry: 0.68606 Stop: 0.67480 Target: 0.70565 = R:RR 1.74 Good luck guys!
Hi traders, On t he NZDCHF we might a bullish bat pattern on the 15MIN timeframe. Entry: 0.72482 Stop: 0.72307 Target: 0.72754 = R:RR 1.55 Good luck! :)
Price is near daily uptrend, resistance ~0.7140, and 0.382 fibo. It is a very good chance, I'll take it