Nzdchfshort
NZDCHF 4H CHART ANALYSIS, SHORT POSITION. A possible new short position on NZDCHF can be opened considering that the pair didn't managed to continue with the bullish channel. The stop loss at 0.65515, while the first TP at 0.63975 and the second TP at 0.62620. The break of the support at 0.64580 equals a continuation of the bearish momentum.
An important fact to consider is the stronger demand for the safe haven currencies (US dollar, Japanese Yen, Swiss franc) due to the raise of COVID 19 cases.
NZD/CHF:DOWNTREND|SWING TRADING SETUP|SHORT...Welcome back Traders, Investors, and Community!
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Wait for the opportunity to sell with NZDCHFH2 time frame.
Structure: Downtrend.
The price formed a retracement wave and retested the 0.64500 resistance.
After forming a new high, the price immediately down sharply with the upward momentum also weakening.
Waiting for a candlestick pattern to appear, NZDCHF can be sold.
The profit target is the 0.63600 zone.
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Wish you all have a good trading day!
Opportunity to sell with NZDCHFH1 time frame.
Structure: Downtrend.
After a strong move down to create a new bottom forming a downtrend, the price of NZDCHF is showing signs of retesting the previous support at 0.64500.
Wait for another retest to this price, then you can look for selling opportunities.
The profit target is the 0.63700 and 0.62400 zones.
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Wish you all have a good trading day!
Wait for a sell signal with NZDCHFH1 time frame.
Structure: The bullish structure is broken.
Price breaks Key level at 0.65000.
Currently, the price is forming a small accumulation area retest Key level has just been broken.
If the price breaks out of this consolidation area, confirming the downtrend, selling with targets at 0.63500 and 0.62600 is possible.
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Wish you all have a good trading day!
[MM's daily technical Analysis] 09.22.2021 SHORT NZDCHF We have seen a relatively strong momentum to go short after multiple time testing area around 0.6560.
Following the candlestick pattern we believe the long red bar on the 21st which crossed the 20day EMA may indicate a beginning of a downward movement.
My own trading system Clam also indicate to go short so a trading idea has now been established to go short on NZDCHF.
ideal OP: 0.64860 SL:0.65840 TP: 0.62400
NZDCHF Sell trade ideaLooks like NZDCHF is in a combination of corrections,53535 Combination comprising of an ending diagonal(5) followed by a flat(3) followed by another ending diagonal(5) followed by an expanding flat(3). If the count is correct i will be expected a 5 wave bearish impulse. will be looking for a bearish impulse before considering any sell trades targeting 0.61320
NZD/CHF Best Area To Take A Sell Trade With Daily Confirmation This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions