Nzdchfanalysis
NZDCHF - Interesting IdeaInitially I thought we would see immediate rejection from the key daily supportive level marked but we didn't. I personally believe most retail traders would have been buying at the area using a tight stop loss. Now that banks have come in and driven the price down to SL hunt, they may have now gathered enough liquidity to drive prices higher. I will be waiting for a break and retest of this small resistance marked before considering a long position. If this set-up completes it could provide us with a great risk to reward trade.
NZDCHF Could Break Its Trend Resistance... NZDCHF managed to reject off a trend support level, with another 61.8 fib level retest. As we start seeing multiple retest on trend resistance, we have to keep in mind that the trend resistance will weaken and thus I will be seeing a potential breakout opportunity. We should always react to the market however if we see another rejection. As of now, I will be taking a good BULLISH trade to the trend resistance level. If we see a breakout, price level could go all the way up to 0.6547 price level which will be a rather strong resistance level to look out for.
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NZD/CHF BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/CHF: Day-Swingtrade-preparation
Market-Buy: 0,60910
Stop-Loss: 0,60545
Take-Profit: 0,61460
Stop-Loss: 36,5 pips
Risk: 0,5 % - 1 %
Risk-Reward: 1,53
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Peace and good trades
Irasor
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NZDCHF long trade ideaPlan: resistance level and trendline breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDCHF CAN GO BOTH SIDES.**ENG**
- Price just reached our reversal area, we had an initial bias of a bullish position from this area, however price is currently very impulsive and can easily break.
- If price starts to consolidate around this area, we would look for a bullish signal and enter long.
- If price breaks this level, we would wait for the retest of the zone, and then enter short.
**PT**
- Preço a atingir a nossa zona de reversão, inicialmente tínhamos uma opinião bullish, no entanto devido ao quão impulsivo o preço se encontra, há uma enorme possibilidade de quebra.
- Se o preço consolidar por volta desta zona, o melhor será aguardar por um sinal de subida e entrar em compra.
- Se o preço quebrar esta zona de suporte, o melhor será aguardar pelo retest e entrar em venda.
NZDCHF short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZD/CHF could go lower if resistance holds💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
Let's take a look at NZD/CHF on daily chart. We can see that price is at key resistance line. We believe NZD will have tough week and many pairs involving kiwi will see down movement. However, we will wait for confirmation before entering any trades.
Let us know what you think about this idea.
Trade safe !