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NZDCHF

20 REASON FOR SELL NZDCHF1: Structure analysis time frame: DAILY 2: Profit target time frame: WEEKLY 3: Trade type: SWING 4: Entry Time Frame: H4 4.1 Entry TF Structure: bearish 4.2 entry move: IMPULSE 5: Support resistance base: WEEKLY FVG AND DAILY OB 6: FIB: TRIGGER EVENT AND CONFIRMAATION 7: candle Pattern: LONG SHADOW WICK KEY REVERSAL 8: Chart Pattern: STRUCTURE BREAK 9: Volume : GOOD 10: Momentum UNCONVENTIONAL Rsi: RANGE SHIFT BULL TO SIDE WAYS 11: Volatility measure Bollinger bands: MIDDLE BAND RESISTENCE 12: strength ADX: CURVE ON BULL TOP 13: Sentiment ROC: SUPER BEAR 14: final comments: SELL NOW EVERTHING CONFIRM 15: decision: SELL 16: Entry:0.5840 17: Stop losel: 0.5880 18: Take profit: 0.5305 19: Risk to reward Ratio: 1:10 20:Excepted Duration: 10 DAYS
Short
by Optimum369
1
NZDCHF 31st OCTOBER 2022The pressure on China's economic growth is feared to have an impact on other countries that are struggling to recover their economies. One of the countries threatened is New Zealand. The offshore yuan depreciated toward 7.3 per dollar, at risk of weakening further to new record lows as downbeat Chinese PMI data added to an already dim outlook for the world’s second-largest economy. The country’s official manufacturing PMI unexpectedly declined to 49.2 in October from 50.1 in September due to softening external demand and disruptive Covid restrictions that hit production, while services sector activity contracted for the first time since May.
Short
by DNP-FX
NZD/CHF Short opportunityGood Short opportunity. After getting rejected at the top of the parallel channel that contained all the rally of the NZD, the prices pushed in an impulsive manner before rallying and getting rejected from the 0.5-0.618. I see a good short opportunity in the short term with the target being 0.5555 and for the stops we could either be very agressif by placing a stop right above the 0.618 retracement or be safe by placing the stop at the beginning of the current wave 1.
Short
by torgato92
2
NZDCHF H4Hi traders, NZDCHF is setting up for a downside move i am expecting from price to come around our mentioned pattern completion area and looking price action on the top for a short position opportunity, if price drop from the current area and break 0.55091 level without hiting our mentioned entry level then this setup will be invalidate. If you are taking this trade so please i request you trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
Short
by TheLoserMan
1