Nzdchfshort
NZDCHF H1 ANALYSISHello traders, we currently have a short setup for NZDCHF on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you short in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
NZDCHF 0.58290 +0.72% SHORT IDEAGood Day traders....
HERE'S A SHORT IDEA FOR THE NZDCHF PAIR
I SEE A H&S FORMATION ON THE 4H CHART AND WE JUST SAW A RETEST OF THE ASCENDING CHANNEL AND ON CLOSE OF THE MARKET WE WHERE SEEING A SHIFT OF MOMENTUM TO THE BEARS...
TARGET - 38.2 % FIB LEVEL
RISK MANAGEMENT
LOOKING FOR BEARISH ENTRIES ON THE PAIR
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NZDCHF technicaly based - structure break
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 NZDCHF technicaly based idea, we can see price is break trend line, candels foramtion is strong bearish, technicaly indicators showing we can expect higher push down in price, SUPPs can be used for TP targets.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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NZDCHF--Weekly Market Outlook from 06 to 10 April 2020Follow me for more update and Analysis.
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NZDCHF SHORT
In this video i show the levels that i am watching from a fundamental perspective for shorts on NZDCHF . The Nzd economy being dependent on the Chinese demand we know that it will continue to see weakness until the corona virus is curbed by china and the world health organization and as traders i believe this offers a good opportunity to capitalize.I paired the NZD pair with CHF because NZD is weak and CHF is a safe haven that inflates during global instability hence going into this week expect CHF strength and NZD weakness. I am hoping for a pull back to my levels of Resistance as those areas offer a good risk reward ration when shorting the pair.
NZDCHF approaching support, potential for a bounce!
NZDCHF is expected to drop to 1st support at 0.63243 where it could potentially react off and up to 1st resistance at 0.62992.
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Losses can exceed the initial investment so please ensure you fully
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