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Nzdchftrade

NZD/CHF Major Trendline BreakoutThis broke above a major trendline last week and has now retraced to test the trendline again. If this continues to drop then it will just be a false breakout but momentum seems to be with this as NZD is strong at the moment and CHF has not been great. Looking for this to turn higher from current price or slightly lower at 0.382 Fibonacci. Also need to see EMA's cut back for long before entering a trade. Target 0.66047 although there is resistance between current price and there so there could be some hold up in that area.
Long
by olly48
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.
Short
by AEFX786
NZDCHF Long Trend is your Friend! 1. One Touch, Two Touch and Three Touches complete a trend. 2. EMA Acting as Dynamic Support 3. Market has entered an area of sensitivity @ 0.61000 also know as a psychological level where institutions place orders and take profit 4. Waiting for 3 four hour candles to show signs of rejection to place Buy order 5. I will buying at current Price Level @ 0.61000 Safe SL @ 0.60600 80% Partial TP @ 0.61800 10% Partial TP @ 0.6200 Remaining Trade TP @ 0.62400 Only 5% risk will be take for this trade
Long
by Mafora