Nzdchfshort
NZD CHF good short position nzd chf broke the strong resistance which is turned support now and market is going down to retest
look for bearish confirmation and enter sell with your own money management
patience with discipline always pays
patience is the key
NZDCHF: The price up to the MAIN WEEKLY RESISTANCE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/CHF
⚪ Technical Analysis :
On the 28th of Janury 2021, the price reached the main trendline and it got a strong bullish impulse, moving quickly up, breaking through the daily S/R zone at about 0.64300.
It is currently following the same uptrend without any sing of weakness and it will probably reach and re-test the main weekly resistance zone.
🔴 Conclusion :
This is clearly an interesting impulse and I'm confident to see soon an upcoming trend correction once the price will eventually reach its main weekly resistance area.
Only if the price will get a rejection on the level at about 0.65250, I'll start planning my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Watching and waiting .. will NZDCHF drop? 26 Jan 2021Price has arrived at the 0.6420 region again and as you can see this is an area of interest, especially for swing traders. NZD has been strong and CHF rather weak recently but as we all know that can change any time. Both options are possible, a break above or a reversal.
As per my weekly chart I would say the long-term bias should be bearish and this region may be a reversal point once again.
Price action on the H4 chart is supportive of my bias, but we need to see some real signs of reversal before we commit to a trade. I will be monitoring PA on H8/H12 for any signs that a short trade is viable. Obviously a strong break above the zone will negate my analysis and I would look for a pullback entry to go long.
We could have a nice Multiple R trade either way.
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As always, please use sound money and risk management in all your trades.
NZDCHF Looks Ready for a SelloffFX:NZDCHF buying looks significantly weaker and it appears ready for a drop. I have identified 4 potential targets of retracement and while this isn't the ideal entry it will do. I will be monitoring my trade closely as it was very choppy on the way up and volatility could be a reoccurring theme throughout the week with much happening in both the European and US markets. Note that there a few economic releases for both of these currencies however, they shouldn't have much impact on the exchange rate.
NZDCHF: A possible DOUBLE TOP Market Reversal (Signal)Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/CHF
⚪ Technical Analysis :
Since the end of December 2020, the price has been following a clear uptrend until the main resistance zone at about 0.64350, getting a second rejection on the 26th of January 2021.
During this long period, the price reached few times its daily trendline and it is currently re-testing the same level.
The next price action around that zone will be essential to understand the next trend direction.
🔴 Conclusion :
Few weeks ago, the price reached an important weekly resistance zone that rejected it many times is the past.
I believe that we could see an upcoming market reversal and I'll be waiting for a breakout of its trendline before planning my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDCHF Short (Sell) Trade Setup IdeaPrice sliced straight through a sell zone where we were looking for a potential short and is now heading towards a slightly stronger supply zone. We wait to see if there will be good price action from this zone, signaling for a potential short opportunity. The two areas in the middle of lighter green are potential supports where you may want to book some profits but the stronger demand zone is at the very base of this move and would be our final targets.
NZDCHF 1H👋 Hello and welcome traders to another trade
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NZDCHF - Bearish BiasNZD - BEARISH
1️⃣ Troubling Covid-19 trends as US President Joe Biden signed 10 executive orders aimed at jump-starting his national COVID-19 strategy to increase vaccinations and testing as the country continues to struggle with the pandemic.
2️⃣ European Central Bank President Christine Lagarde warned the virus continues to pose a serious risk after policy makers voted to keep pumping unprecedented amounts of stimulus into the economy.
3️⃣ The BusinessNZ Performance of Manufacturing Index sank to 48.7 in December, as rising COVID-19 uncertainty and a slow global vaccination program dented sentiment.
CHF - BULLISH
1️⃣ The negative risk tone support the safe-havens CHF.
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Technical
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We are looking to sell the NZDCHF at SBR + below SMA 50 on the H1 chart.
NZDCHF shortCHF appears to be strong. Based on that, this analysis is done and it is pointed out that the velocity can change at one place depending on the model created. This will give us more confirmation to successfully enter into the transaction as it shows a successful retest by breaking a channel format.
Short Opportunity For NZDCHF!!! Retesting 161.8% Fib Level...As you can see, we managed to see a nice 261.8% fib rejection with price heading all the way down. For now, we are seeing a short term BULLISH movement which I believe wil be a retest to 161.8% fib level before further BEARISH continuation. I have identified the supply zone as seen from my chart. I am expecting great BEARISH pressure at this zone. I will be expecting price to move till 0.6200 ish price level.
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