CHFNZD trade ideas
#NZDCHF 1DAYNZD/CHF (1D) Buy Opportunity:
The NZD/CHF pair is showing bullish potential on the daily chart. The price has bounced off a key support level and is forming higher lows, signaling upward momentum. A bullish crossover in the moving averages and a strong RSI above 50 add further confirmation. Fundamental factors, including New Zealand's economic strength and weakening Swiss Franc due to global risk sentiment, support this view.
Trade Idea: Consider buying near the support level with a stop loss below it. Target recent resistance levels for take-profit.
NZDCHF Sell/Short 1:5 probabilityReason for trade:
1. Break of structure
2. Impulsive up move 1AW shows the beginning of a high probability chance of a corrective structure forming.
3. a wave of the 1AW impulsive move goes against the impulse and indicates a b wave should be in the making.
4. A lot of liquidity $$$ levels that need to be taken out
5. Engulfing candle in 1 HR TF
Entry: 0.52900
Stop loss: 0.53129
Take profit: 0.52801
Strategy: Enter at the close of engulfing candle
Add positions by compounding every time price levels indicated with $ are taken out
NZDCHF: Buying After Breakout 🇳🇿🇨🇭
NZDCHF may continue growing after a confirmed violation
of an intraday/daily horizontal resistance.
As a confirmation, the price also broke a resistance line of a bullish
flag pattern on an hourly time frame after a test of a broken structure.
Goals: 0.530 / 0.531
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NZD/CHF SHORT FROM RESISTANCE
Hello, Friends!
NZD/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.524.
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NZDCHF Bear SignalBias Bearish
Fundamental Analysis
NZD bearish data, CHF is holding strong awaiting for US change rates
Price Action:
Daily TF is bearish bias. The H4 TF has also change of character to bearish momentum. Currently price retesting the broken H4 support level. Price has rejected and broke in H1 TF support level. Price is heading lower. There was a cup and handle pattern.
Set up:
Short Setup at broken H1 support level (Neckline)
SL above the Swing high in H1 TF.
TP at next SR level R:R 1:4
NZDCHF Currently on NZDCHF on the daily timeframe price just took out the sell side liquidity and went above the low inside the range, then price went up a little bit then came back to retest the CSD and the first attempt respected the CSD. today price took out the previous daily lows also retesting the CSD for the second time.
NZDCHF BearBias Bearish
Fundamental Analysis
NZD is bearish data. CHF is holding strong on bullish data.
Price Action:
Price rejected from daily resistance level and broken the bullish trendline & H4 support level. Price is now consolidating below the H4 SR level. Align with fundamental, bearish momentum is likely to continue.
Set up:
Sell Stop setup below the consolidation.
SL above swing high.
TP lowest Swing low level
R:R 1:4