NZDCHF LowerTrying NZDCHF lower here.
We could get a potential break lower in this triangle that's been developing.
Overall the trade idea makes sense i believe, NZD has not benefitted from a hawkish hike from the RBNZ and i believe this is because of the recent weak data from the US. I've been seeing a lot of people concerned about a potential recession coming to the US and this could be feeding back to worries of a potential global recession. NZD will not benefit from this kind of environment as they have been very hawkish and so would likely see a strong downturn in the economy if this is the case. CHF should benefit from it's safe haven status as well. I also think stocks are too high, eventually bad news in economic data is bad news for stocks and i think we are getting close now. A fall in risk sentiment should mean a fall in NZDCHF.
We are going against the usual seasonals of a strong month for risky assets so take this with a pint of salt.
If we go back above the triangle then the idea is likely wrong short term.
Not trading/investment advise, feedback welcome!
NZDCHF
NZDCHF Trading Plan - 30/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect NZDCHF to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
NZD/CHF sell setup 70 pipswe clearly see price is heading to the downside, price action respecting the daily timeframe and fib level of 50% and as we mark down in lower timeframe we clearly see price is respecting the resistance and nice momentum to downside
Nice risk to reward
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Sell NZDCHF SW 280323 11.55📌📌Signal Sell NZDCHF 📌📌
Link :
📍📍Open order 0.5698
Sell lim 1 0.574
Sell lim 2 0.578
Sell lim 3 0.581
Sell lim 4 0.5836
Sell lim 5 0.586
Sell lim 6 0.588
Tp 0.5538
Sl 0.5915
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
NZDCHF 1st try A short Trendline break confirms a SELL signal !Our first Major Target comes in at over 7.5r
We are often asked what the concept of R or R:R means.
Simplified it means for ever $100 RISKED we are looking to get back 7.5 times more,
so therefore in the case of this trade we are looking for $750 for each $100 dollars that we are risking.
Feel free to send us any of your questions that you have we are here to help and share our knowledge!
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NZDCHF 1st try A short Trendline break confirms a SELL signal!
Great risk to reward potential on this idea will enable us to take another shot at this trade if it fails after a SELL SIGNAL
Check out our other trade posted today. We are still short NZDJPY.
We are long JPY overall.
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TARGET HIT - NZDCHF take profit hit and now expect consolidationNZDCHF M Formation beautifully.
Price broke below and showed strong downside to come.
200 > 21 > 7 MA
RSI <50
Bearish
Target hit at 0.5632
SMC
Yesterday, there was a candle where there was sell side liquidity. This sweeped liquidity from shorters and sellers and now is the reason price is going up. We can expect chop for the next few days before we get a clear signal where to go.