NZDCHF SHORT-TERM DECLINE AND LONG TERM ADVANCE EW ANALYSISHi traders,
The daily chart of NZDCHF shows that the uptrend from Sep. to Dec., 2018 is a textbook five-wave impulse pattern, labeled 1-2-3-4-5 of (A). According to Elliot Wave theory, a three-wave correction in the opposite direction follows every impulse.
.
So far, we have seen a five-wave impulse in A of (B) and double three combination (w-x-y) in B of (B). If this count is correct, wave A-B of (B) is completed and we can expect a short-term decline in wave C of (B) before the main trend resume in wave (C).
.
Targets below 0.65164 support are plausible in wave C of (B).
.
Thanks for reading!
Veejahbee.
Nzdchfanalysis
#NZDCHF Analysis+SignalsThe nzdchf is currently in a technical format known as technical analysis called Double Top, What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs, What Does A Double Top Tell You? A double top is a bearish technical reversal pattern.
Sell NZDCHF
Entry Price: 0.6909
Stop Loss: 0.6965
Take Profit: 0.6780
NZDCHF 1:3 Risk Reward SHORTNZDCHF SHORT
Wait for certain conditions before a possible entry:
- Congestion
- Short Candle formations
- Fundamentals to continue being in favor for a short
CHF
- Major holder of gold
- Uncertain economic situation causes investors to buy gold through brexit, trade war and EU debt crisis
- This appreciates the CHF
NZD
- "NZ trade deficit hits $791m in Jan - double expected figure"
- "Higher living standards, slower economy: Expert's take on CGT"
- "Economy Hub: Business gloom getting worse - new EMA chief"
Message me to see how i get the fundamental scores!
NZDUSD typo my bad! Meant to put NZDCHF
NZDCHF ShortThis pair looks like it may still be heading lower. At the moment, we'll watch for a retracement to the .50% - .618% region of the fib levels.
If price does not break above the .618 fib level, watch for a confirmation candle to short this pair to 0.67600 - 0.67500 price level.
This idea will be invalidated, should price push above the .618 fib level.
NZDCHF Possible of Correction Before a Major Movement Occurs1. Pair NZDCHF has made some corrections and between the corrections the volume divergence reappears as in the yellow line on the chart
-------------------------------------------------- -------------------------------------------------- ----
2. To move up to a higher price level this pair needs to make corrections at the Fibonacci level
-------------------------------------------------- -------------------------------------------------- ----
3. The price will move up if the consolidation is successful and is supported by another time frame
-------------------------------------------------- -------------------------------------------------- ----
##############################
Conclusion: Signal Strength >>> $$
Recommendation: Buy Limit >>>>> Weak
##############################
----- This writing is purely for education and does not imply buying or selling ----
NZD/CHF - 100 Pips OpportunityNZD/CHF short potentially coming up. As long as the prices reject under the 4H 50 EMA this move is active.
If prices begins to find support and break the resistance then look for a short term buy back up.
Keeping an eye on this one as to how it will turn out.
Trade safe.
NZDCHF Starting To Fall Soon Enough1. The volume divergence has been formed, so that the price pressure will be more likely to go down
-------------------------------------------------- -------------------------------------------------- ----
2. Reversing the Fibonacci level of 0.618, the price has reversed and has retested the first wave of the elliot wave
-------------------------------------------------- -------------------------------------------------- ----
3. The consolidation phase, this stage has ended and will change the direction of the next stage.
-------------------------------------------------- -------------------------------------------------- ----
4. Stop Zone, determine the stop level at the level of -0.236 which is at the price of 0.71
-------------------------------------------------- -------------------------------------------------- ----
5. Target Zone, the price will move far towards fibonnachi level 1.618 which is the level of 0.61
-------------------------------------------------- -------------------------------------------------- ----
##############################
Recommendation: Signal Strength >>> $$$$$
##############################
----- This writing is purely for education and does not imply buying or selling ----
NZD/CHF - 100 Pips+ OpportunityNZDCHF has broken above the 50 and 200 EMA and has been in a consolidation for quite a while.
As it finds its support and confirms it, we can expect a move higher up.
This is a very probable continuation pattern.
To be entered within the next 8-16 hours if everything goes as expected.
*I'd personally let this short term push up happen and wait for the low test after it, which will confirm that it can't go down, to enter in the long term up move.
*Keep in mind that if the low test fails, then we would love for either a complete reversal back down or simply a dip down for a push back up. The more data we get, the more confirmation we'll have as to what will happen.
Trade safe.
NZDCHF short trade ideas.NZDCHF is heading down after bouncing off of the descending trendline and there are multiple ways to get involved A) which is more likely to happen and it would be also better to see the trend continuation or B) in case the price fail to push lower and comes back to test the higher resistance.
NZD/CHF - 100 Pips+ DropNZD/CHF has broken under the 50 ema on the 4H chart. As long as the 50 EMA holds as resistance, the push further below is active.
Wait for the close of the candle on the 8H chart. No trade has been opened yet. This is only an idea and expectation of what can happen. Therefore, we must wait until we have a good signal and confirmation.
That would be to open your position on Sunday EST time or Monday as it confirms its direction.
Trade safe.
NZDCHF: Long-Term Short Trend NZDCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Price action at Strong Resistance Trendline (Since Jan 2015)
- Price action at 61% Fibo retracement levels
- Gap between 8EMA and 50EMA too wide
- Stochastic Overbought momentum
Suggested Trade:
Entry @ Area of Interest 0.6825 - 0.6925
SL: 0.6998
TP: 0.6453
RR: Approx. 3.42 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.