Get started

Nzdchfshort

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. 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!!
Short
by YGForex
1
NZDCHF Strong Resistance Area!!!Previously, we managed to see a 261.8% fib level price rejection which was also where a resistance level lies (0.6373). After which, we saw a BEARISH movement to the support level @0.6320. As of now, I will be expecting consolidation on this support and resistance level as there is no signs of breakout. Therefore, a short opportunity will be valid here. 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!!
Short
by YGForex
1
NZDCHF 261.8% Movement Completed...More Retracement Coming!!!NZDCHF managed to hit the 261.8% fib level that we have identified. After that, we saw a substantial retracement but did not managed to hit any of our levels. As price is currently heading towards the supply zone (red area) at approximately 0.6310 price level, I will be expecting a larger retracement to take place. Having said that, I will looking out for a potential retracement movement to the demand zone (green area). Definitely, there is a potential breakout of this area but as of now I will short till this demand zone. I will update again once we reaches this level. 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!!
Short
by YGForex
2
NZDCHF with Christmas around the cornerNZDCHF - with Christmas around the corner and not much volume in the Asian session, NZDCHF has continued to trade in a consolidation channel. After rejection from the support level, the price has been supported by an ascending trendline. Expecting the candle's closing at H4, above the current resistance level, confirms possible uptrend continuation and long setup. The setup offers an R:R ratio of 1:3. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Long
by OGFXTRADER
2