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Nzdchflong

NZDCHF - SWING - 10. AUGU. 2020Welcome to our weekly trade setup ( NZDCHF )! - 1 HOUR Bullish market open and price action. 4 HOUR Overall bearish market about to turn... DAILY Expecting a push to previous highs. - FOREX SWING BUY NZDCHF ENTRY LEVEL @ 0.60470 SL @ 0.60210 TP @ 0.60870 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
16
NZDCHF - Lovely PairWe came to test the key structure at level 0.62250 and rejected it multiple times, we are now seeing signs of a sell off from this region. The previous bearish engulfing daily closure suggests to me that this pair is pointing more for a sell than a buy. I have marked the target levels I am interested in as well as the level that I would consider buys from if broken. 41.4% of commercial players are short according to our COT Data source (This is my only concern)
Short
by AlkalineFX
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.
Long
by AlkalineFX
2
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. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex
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
Long
by GWBFX