NZD/CHF SELL SETUP !!!Basically when you look at price action we see price is consolidation on the Daily timeframe support level, Despite weakness on volume , structure in lower timeframe like H4 and H1 stills show market structure to downside.
So basically we have two areas for look for a rejection one @ the 31.8% fib level which is in confluence with previous support now resistance
Rejection two @ 61.8% fib level which is potential maximum point to grab liquidity to break down the daily support
Nice risk to reward
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NZDCHF
🔻Potential SELL setup for: NZD/CHF👩🏽💻Technical: Monthly & weekly time frames are suggesting strong bearish power in the market based on the recent moving average of 20 crosses on the weekly. On the daily, I have marked a strong support zone that has not been broken yet, along with a moving average of 100.
🎯 For an ideal entry: I would aim to wait for the price action to break 4-hour support, push > exhaustion to the previous area of sensitivity, and then potentially enter on a bearish engulfing candlestick closure if possible. Aiming for a possible 0.57415 level, which corresponds to the previous daily bottom.
NZD/CHF Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
NZDCHF : Long Trade , 1hHello traders, we want to check the NZDCHF chart in the 1-hour time frame. After a downward trend, the price has reached the support area of 0.58000 and 0.58200, the area that the price has reacted to several times before, then the price succeeded. The downtrend line breaks up and is back with the zone once again. Considering that the price is at a support level and also managed to break the downward trend line, there is a high possibility that the price can make an upward movement towards the targets of 0.58800 and then 0.59300. Good luck.
NZDCHF I Local short from resistance zone Welcome back! Let me know your thoughts in the comments!
**NZDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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My Backtesting Results on NZDCHFHolding trades is what I want to get better at and backtesting is going to help me do it.
I've backtested NZDCHF today and found that it was a remarkable session.
I was able to enter 4 trades in the span of 3 months gaining over what would have been 15% from the trades, but one trade hit my break even point so I gained around 12% from my trades.
I used the monthly, weekly, and daily timeframes with most of my entries coming from the daily timeframe.
I used my own strategy known as TMP. It stands for Trend, Market Structure, Price Action(or, pending orders).
I identify the trend first, then set my estimation zone, then place my pending order. In that order, thats it.
I don't use support and resistance, trend lines, or indicators for the most part. I like using price action. Its my preference that has changed throughout my trading career.
I've noticed I a few reasons why I don't enter my best setups are due it
1) Money trauma( family had poor money management)
2) Time limit( pressure from showing results)
To get over those, I have set parameters to take partials, move my trades to break even, and set pending orders to eliminate myself not entering my own trades.
This helps in the long run and has helped since collecting data on myself since the start of me using prop firms.
I can only pray that through my backtesting and trading journey, this can help you too.
Please let me know if you have questions regarding my backtesting or found something unique that helped you.
Safe trading❤️
NZDCHF Looking on the 1D time frame we can see a inverse head and shoulders hinting at price making a burst much higher to our possible fib targets.
going down into the 12HR TF price is trading in a perfect 230 pip box or the right shoulder.Price is currently at a good RR level for buying as we can use support here to buy and also on what may be the bottom of the right shoulder.
Failing a buy here the next point i would like to buy from if support fails and price hits my very tight SL would be a buy @ 0.57250 in a liquidity grab to the down side.
NZDCHF SHORT TRADE PROJECTIONNZDCHF did a trend breakout after a nice double top formed. Here we are expecting a further decline towards the bottom support at
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NZD/CHF Running In 300 Pips Profits , New Entry After D ClosureThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD, EURNZD, EURCHF, NZDCHF & EURGBP Analysis for next weekWe have good setups in these pairs . Shorting most of Euro pairs and also GOLD. But we have to wait for good entries. How we can buy NZDCHF and sell EURCHF at the same time? If we look at RSI in these charts we will found it overbought in one and oversold in the other one. And this also means that NZD is strong and EUR is weak. Which may suggest that this spike in EURNZD is UTAD not BOS. What do you think?
LONG TERM BUY ON NZDCHFPrice has successfully completed the ABC correction on the 2nd wave of the impulse. We are now ready for the 3rd leg which is the longest wave. Let's watch for rejection at the current trend line on the lower timeframes to enter with stop loss below last swing low. For safer entries, we can wait for price to break the counter red trend line for confirmation. Our first target is 0.6000, second target at 0.6300 and 3rd target at 0.6500. Let me know what you think in the comment section.