NZDCHF Double Top SetupNZDCHF has created a confirmed double top by breaking the neckline. I'm waiting for this market to pullback to the neckline before placing sells
Nzdchfshort
Short on PullbackLooking for a pullback to retest the recently broken ascending TL in confluence to the 0.5 fib retracement and previous area of S&R
NZDCHFDisclaimer: Past results does not guarantee future results, do your due diligence and use proper risk management
NZDCHF: Rejection off resistance level...What now?Once again, NZDCHF obeyed its trend line as it continues to fall within the range of the trend lines. We could see NZDCHF price level obeyed this trend resistance level multiple times with no sign of breakout. Keeping the overall trend in mind, a recent rejection with a continuation BEARISH movement to what seems to be a H&S pattern potentially forming. What we can see now is a rather strong BEARISH outlook for this pair with no sign of breakout just yet. I will see it retracing back to 50.0 fib level drawn in my chart forming a support zone with 0.6040 support line.
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NZDCHF - Monday TradeI am waiting patiently for my ATR levels to be broken so I can look for potential sells from the retest of structure, this could be a great trade to start the week off. We will see a lack of volume in the markets today due to the US Holiday but fingers crossed this still goes in the desired direction.
According to COT data source - 60.2% short
NZDCHF sell opportunity NZDCHF weakened at daily resistance, looking for short position and good RRR
NzdChf- 0.6160 should be strong resitanceNzdChf had a strong bull run from 0.59 zone to 0.6150. Now the pair is facing a strong resistance level and I expect this resistance to hold, at least for now.
A sell order in this zone with a target to the next support would have more than 1:2 risk:reward ratio.
NZDCHF SHORT/BEARISH There is a huge possibility for the market to bounce from the Resistance level, than retest the 0.60229 Level. Then an uptrend will continue.
Please do use proper risk management.
Thank you.
NZDCHF H4, wait for reversal pattern to form in resistance zone.Price is currently in a resistance zone with multiple hits. Drop to a lower time frame and wait for a reversal pattern to form in this zone. Enter a sell after price breaks out of the reversal pattern. Good luck!
NZDCHF price at Key Levelwe are at key level if we flip and bounce than we will going hard in sky else big rejection
you can long after bounce from this zone at support level
NZDCHF on a fib level 🦐On the daily chart NZDCHF got rejected by the trendline and started a retracement move till the 0.382 fib level.
Market hit the daily resistance and in now turning back for the bullish trend.
If the market will break below the lower structure we can set a nice short order according with Plancton's strategy
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
NZDCHF - Respected ChannelThis descending channel on NZDCHF seems to be getting respected, we will be trading withing the channel utilizing structure until we get a confirmed breakout.
According to COT Data Source - 62% are long
NZDCHF - Stay PatientThis zone needs to be respected, don't get involved in a position until the market confirms to us its next move.
NZD/CHF - bearish momentum pushing price lowerNZD/CHF price has been within a respected descending weekly trend channel since 2017. Price did break out of this channel back in March as a result of the coronavirus pandemic, however, re-entered forming an ascending daily trend channel. Price did not retest the upper boundary of the weekly channel as price ran into resistance before that at 0.62 (the lows from September 2019), at which point price formed a lower high on the weekly time frame.
After running into resistance from September 2019 lows and also the 50 DAY EMA, the daily trend channel was broken to the downside in Late-July. As a result, price has been on a bearish spiral ever since. After breaking strong support at 0.59693 we are expecting price to continue further to the downside as a result of the bearish momentum in the market, with an initial price target of 0.5890.
A longer term target would be a retest of the lower boundary of the weekly channel at possibly 0.5750.
NZD/CHF NEAR MELTING! LETSO GO BABY!after break of 0.5969 going for short in nzd chf. next big support will be 0.5800!
1:5.6
NZD/CHF Update +260 PIps NZD/CHF Update +260 Pips
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.
NZDCHF - Nice IdeaWe will be trading with the trend here, I will be waiting to see how the 4-hour candle closes then look for a potential long term sell position, I have marked my targets.
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)
Do you trade over the long term? NZDCHF needs your attention!!Ichimoku is not an indicator, it is a complete trading system that provides entry location, stop and gives some options regarding exit too. I am still learning it but here is a trade idea to short NZFCHF.
Price just broke below the cloud (D1), the future cloud is turning bearish too. The Chinkou Span is below price.
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AS always, please use sound money and risk management in all your trades.
