H1 - We may now expect short term pullbacks towards the critical zone. Once the pullback completes itself look for evidences of bearish pressure and then start looking for sells. Invalidation: If the price moves higher and breaks above 0.6530 then this setup would be invalidated.
Nice breakout of this strong support. Now we have to wait for a pull back. Set SELL LIMIT at 0.66500 SL 0.67300 TP1 0.65500 TP2 0.64900
D1 - We have two critical levels on the way down. H4 - Price is breaking below the range. If the breakout holds, we can then look for sell entries with bearish evidences towards the important levels below.
H1 - Price broke below the uptrend line. We may now want to see a correction to happen, with the price retesting the breakout. We may then start looking for sells with bearish evidences.
D1 - Triple cycle down completed, price is currently trading at the 50% correction of the previous down move which is a strong resistance zone. H4 - We have a magnet zone based on the 50% fibo retrace zone of the daily triple cycle and the top of the bullish channel. Price has reached the magnet zone, we may now look for evidences of bearish pressure and then...
H4 - Correction starts to look like a potential channel as price found support at a new trend line. We can try and sell the top of the channel if a setup presents itself, as long as 0.71 is holds. Alternatively a confirmed break below 0.6980 should open the doors for the bears as well.
Hi guys this is another trade Setup By wave Structure! Look for Sell after breakout ! use your entry strategy to go for short and use some money management ! Trade With Care :)
H4 - We saw the breakout and we can now look for pullbacks and sell.
D1 - Price is at the top of the range. H4 - Classical setup - divergence (red arrows), followed by convergence (blue arrows). As long as 0.71 is holding, we will be looking for a correction and then can look for sells once we see a breakout out of this corrective pattern. First target will be the middle of the range around 0.6920 Final target is the bottom of...
Looking at the NZDCHF, it appears the pair have now completed a A.B.C Pattern, and is now ready to head lower.
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...
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.
Price has formed a double top on the weekly and daily timeframe at a matching point with the weekly 61% fib (pink one) and monthly resitence (blue line) forming our matching point with a strong monthly PRZ and now price is retesting the 38% fib continuing the downtrend after the bullsih trendline break
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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