NZDCHF trade ideas
NZDCHF; lower than higher for a long timeMy interpretation of Elliot Waves for NZDCHF on a weekly chart.
Around October'23 I lost hope of NZDCHF going lower due to price closing at the 50% fib retracement. In my observation when price closes at a 50% fib retracement - that is the reversal point. I thought Aug'23 was wave 3 and Oct'23 wave 5...I thought I missed the low. But the sideways move for wave gave me hope.
I'm expecting a lower low for NZDCHF to complete wave (5) of (V) or V which is in line at the 1.618 area
NZDCHF Is Bearish! Short!
Please, check our technical outlook for NZDCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.523.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.513 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDCHF 12/09/2024Weekly:
-Inverse H&S pattern.
-Weekly lows.
Daily:
-Inverse H&S pattern.
-IC.
4H:
-Bullish M pattern.
nzdchf sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDCHF: H4 Bearish Narrative Cr
Currently Price is around supply zone. A sell will be good if conditions met
NZDCHF SELLGood afternoon traders!! I hope you all are having a great trading week so far. This is my analysis on NZDCHF!!
Let me know what you guys think so far!!
NZDCHF bounce expectations
NZDCHF i am have from 29.Aug bullish expectations, at end price is start falling on events from week before and changes in USD are have impact, USD is start more bullish.
In week before we are have consolidation period which we can see its be breaked and now expecting somination of CHF here still and bounce bearish from zone 0.52250
TP: 0.50950 (90)
SL: 0.52450
NZD/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
NZD/CHF is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.519 level.
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NZD/CHF Short H4 "Contrarian Trading"Sell Stop Entry @ 0.52602
S/L @ 0.53213
T/P1 @ 0.5199
T/P2 @ ---------
R.R.R. @ 1/1
Pure Price Action analysis based on Breakout of target level.
Enjoy trading ?
NZDCHF Looking to form a New Lower Low on 2 HourlyNZDCHF has been moving in a channel nicely forming LLs & LHs and looks to go down for a new leg after completing a short retracement.
How do you like this idea guys?
Do Comment!!
Bearish drop?NZD/CHF has reacted off the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.52263
Why we like it:
There is a pullback resistance level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.52682
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.51449
Why we like it:
There is a pullback support level which is slightly above the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZD_CHF BEARISH BIAS|SHORT|
✅NZD_CHF is going down
After the bearish breakout
Of the key horizontal level
Of 0.5240 so we are bearish
Biased and we will be expecting
A further move down
SHORT🔥
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NZDCHF: 2 Bearish Patterns 🇳🇿🇨🇭
NZDCHF formed 2 bearish price action patterns on a daily.
I see a bearish breakout of a support line of a rising wedge pattern
and a violation of a neckline of a head and shoulders pattern.
The pair will most likely drop lower soon.
Next support - 0.519
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Bearish drop?NZD/CHF is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 0.52360
1st Support: 0.51450
1st Resistance: 0.52833
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?NZD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.52263
Why we like it:
There is a pullback resistance that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.52833
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.51449
Why we like it:
There is a pullback support level which is slightly above the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bear Flag break out on NZDCHFKiwi has struggled to maintain its upside momentum against the Swiss Franc, and the price finally made a new low below the bear flag pattern. Breaking out of the bear flag indicates the continuing downward trend occurring on NZDCHF.
NZDCHF=BUYTrend to the upside continues, we have the B wave completing on the 1 hour with a 5 wave correction.
Lets see how it goes
NZDCHF Short Term Sell IdeaH1 - Bearish trend pattern
Currently it looks like a pullback is happening
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
NZD_CHF BEARISH WEDGE|SHORT|
✅NZD_CHF broke out of
The bearish wedge pattern
And the breakout is confirmed
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
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Bullish bounce?NZD/CHF is falling towards the pivot which acts as a pullback support and could reverse to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.52283
1st Support: 0.51850
1st Resistance: 0.5314
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
