Currently this pair has created a Double top at a monthly resistance level.. look for this pair to go short and crash to the next monthly support level..
Hi traders,
On this NZDCHF chart I am looking for a long entry at point D of the AB=CD pattern. This is close to the 127.2% Fibonacci extension of the AB-leg. We can also see price reverse a few times at that point earlier. The stop goes below the fib extension, leaving some breathing room for price to go against us.
Entry: 0.67841
Stop: 0.67123
Target: 0.69417 =...
Pretty simple trade o see every NZD finally going down but i chose to go ahead with NZDCHF because the reversal seems the most beautiful one! Now I will be holding long term till that 0.70 area =)
NZD/CHF could not form a higher swing high and reversed from the resistance zone. This Pair formed a nice Gartley Pattern. Now I'll wait for a breakout to the downside (out of the ascending Trendline) and enter my short Position after a breakout on alower Timeframe.
Profits and Stop Loss are shown in the Chart.
Trade safe, Daniel
Likes and comments are...
NZDCHF is in the SELL AREA, so clearly I'm shorting right now, my SL is above the SELL AREA and my TP will be BETWEEN the OVERBOUGHT and OVERSOLD ZONE!
--
Simple trade, Simple analysis, FREE PIPS!
--
Make sure to FOLLOW and LIKE for more CHARTS IDEAS =D
I believe NZDUSD could be entering into a consolidation channel between 0.700 - 0.735 in coming weeks. A pullback is long awaited and likely to revisit 0.70 in near term. I will be placing my sell from 0.728 as there are still buyers active at current levels and buyers have taken out many short traders in recent weeks.
For mid to long term, Kiwi could go toward...
We have an opportunity to short this pair based on few reasons. First target is highlighted on the chart.
alltradingideas.com
alltradingideas@outlook.com or on facebook
This idea was posted on twitter, facebook and instagram as well.
Twitter: kevindhaliwal1 or alltradingideas
Snapchat: alltradingideas
Instagram: alltradingideas
Facebook: alltradingideas
