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NZDCHF

NZDCHF - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. NZDCHF is overall bearish trading inside the blue channel and now it is approaching the upper trendline acting as a non-horizontal resistance so we will be looking for sell setups on lower timeframes. on M30: NZDCHF formed a valid channel in red but it is not ready to go yet. before we sell, we want the bears to prove that they are strong enough to take over. Trigger => Waiting for a momentum candle close below the last low in gray to sell. Meanwhile, until the sell is activated , NZDCHF can still trade higher and break the blue channel upward. in this case a movement till the upper brown trendline would be expected. Always follow your trading plan regarding entry, risk management, and trade management . Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
Nzd Chf Boundaries I just wanted to say that's it's nice when a pair respects the given boundaries. It's within a channel, it's doing as expected, it's not surprising you and you don't have to work too hard to figure it out. "I would that all men be like this"? One of the reasons that I love trading as a life long income, passion and hobby is because I can pick and choose where to spend my investments time and energy. Would you choose a pair that is not playing ball, hard to figure out, complex and risky? It depends on your personality - that's not at all my style.
by World_Open_Forex
NZDCHF A safe long-term sell optionThe NZDCHF pair has been under the selling pressure of a Lower Highs zone for more than 5 years (since December 2016), forming a long-term bearish Channel that is more accurately illustrated by the Fibonacci Channel extensions and retracements. This zone has rejected the price 7 times with the most recent being on the March 28 2022 1W (weekly) candle. This chart is on the 1W time-frame. What makes NZDCHF an even stronger long-term sell opportunity, is that the price action from December 2020 until today, resembles the sequence from May 2016 to August 2017. Common characteristics besides the price action and the three Lower Highs zone rejections, include the 1W RSI sequences and the 1W MA50 (blue trend-line)/ 1W MA200 (orange trend-line) convergence. After the 3rd rejection, the price dropped to the Support of the last Lower Low of the Channel. Right now this Support is at 0.60800 and this is our target within Q3 of this year. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
1