Possible inv. H&S formation for NZDCHF. Stop and target levels were given in chart. Good luck..
We break that zone. It is a pretty strong zone and if we break it we have a lot of space to the downside. You can see the EMA right on support too so a break would be great.
The sentiment of NZDCHF currency pair is DOWN SWING. Recent swing is moving DOWN from upper band to middle band. The previous swing of NZDCHF currency pair was UP and had no volatility movement, so demand is decreasing. As market direction the sentiment has turned to negative while the selling pressure overcomes the buying pressure. The execution of selling price...
If we zoom in on the top of the trend, we are going to notice that the volume traded decreases as it goes higher (In fact, bearish candles have more volume). We see a bearish engulfing candle right in the top of the trend which is a very strong reversal pattern. Price already reached the weekly trend-line (green) and it couldn't stay longer than 3 hours to...
NZDCHF is approaching our first support level at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on...
NZDCHF reversed off its resistance where we expect to see a further drop. NZDCHF reversed off its resistance at 0.69194 (61.8% Fibonacci extension , 61.8% & 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.6651 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap...
Landing on support on daily with confluence of support on 240, 200 ema
Trade at your own risk Don’t be Impatient, don’t over trade, choose one of my ideas and just trade that one. Don’t trade all my ideas, ever. Always wait for the setup to complete. Don’t enter too early or too late because you suffer from FOMO (Fear of missing out). Forget making $1,000 a day if you are not making 10$ a day consistently. Less is More. For more...
over all it's a down trend for a swing trade.This is just a bull back.
If you want to increase the odds on your side, don't trade inside the triangle. Wait for a break outand retest. Good Luck!
This is a short idea for 2 weeks minimum. Swing trade
NZDCHF Sell Idea @Daily Supply Zone (0.6899 - 0.69456) Sell Limit: 0.68918 Stop Loss: 0.70016 Take Profit: 0.66641 Risk Management = 0.01/$100, With Stop Loss Risk Management = 0.01/$200, No Stop Loss (Recommended) Recommended Leverage not to exceed 1:50 Recommended Risk Ratio 1:2 Close partially the contract once it reaches 50% of profit, Move stop loss...
NZDCHF is approaching our first support at 0.6763 (horizontal swing low support, 61.8% & 38.2% Fibonacci retracement ) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6850 (61.8% Fibonacci extension, 61.8% Fibonacci retracement ). Stochastic (89, 5, 3) is approaching its support where a corresponding bounce...
NZDCHF has a double top with bear signal. Looking down for a new swing of 260 pips. LESS IS MORE!