A breakout to the downside with confirmation on the MA Cross and sentiment change. TDI Baseline starting to decrease from an over bought position. Also looking like a double top on H1.
Waiting for the price to continue in a bearish direction after the rebound at the level of 0.63500
NZDCHF , Price is now at the zone where previous support and now turn into resistance and as we can see price is moving withing the channel ! I will wait for the price to breakout first then entry on a retest !
NZDCHF had created a liquidity void that needs to be filled in other confirmations that I have following this trade are slowly coming together I still haven't got in the trade Im waiting to see if the market goes up to a higher price and will drop down after that. Just sharing a trade idea.
Hello and welcome to my Trade Idea of the currency pair NZD/CHF. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is very bearish with strong bearish candles. Weekly: On the weekly timeframe we see the strong bearish waves. Daily: We see on the daily timeframe a pullback to the upside. H4: Here we draw the counter trendline and expect...
entry on continuation down. Primarily looking at super guppy in changeover state of grey. TSIs and RSI, RVI, and 10/5 all painting bearish. Also put entry 36 pips above market entry. ATR 74 for SL/TP.
NZD looking ready to switch fate into a bearish market with CHF strengthening. Potential Short on NZDCHF which is currently trending near trendline structure (3rd tap) and below fib level.
On the H4 chart of NZDCHF, it seems that the price is starting the 5th Elliott wave down after completing the 4th wave.
NZDCHF Pretty sure of this one plenty of room below on the daily as well We'll see i spose
Break & retest of zone / EMA, EMA's Down, 15 Minute Double Top
Expecting the pair to push down all the way and retest the 0.6800 psychological level which also coincides with the 78.6% retracement of the previous impulse (see updates section) It's giving a nice triangle correction, and triangle corrections tend to precede the final actionary wave so this would make perfect sense as we're setting up for wave no.5 even though...
NZDCHF looks like short. If it breaks trendline, wait for flag for confirmation then sell. Lets wait and see!!!