NZDCHF trade ideas
NZDCHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.527 area.
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NZD-CHF Resistance Ahead! Sell!
Hello,Traders!
NZD-CHF keeps growing
And the pair is locally overbought
So I think that after the price
Hits the horizontal resistance
Level of 0.5341 we will see
A local bearish correction
Sell!
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NZDCHF: Weak Market & Bearish Forecast
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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NZDCHF,🔴Sell opportunity🔴
NZDCHF reached the important supply zone formed as a bearish order block with FVG.
So we can expect the zone to reject the price.
We can study the price in the lower time frame for finding the trigger.
💡Wait for the update!
🗓️06/02/2024
🔎 DYOR
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NZDCHFNZDCHF was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.53200
What you guys think of this idea?