Technical Analysis for a SHORT:
Daily Downtrend, currently in a LH
Multiple Trendline Taps from Multiple Timeframes
H1 61.8 Golden Fib Retracement
Formed LH on H1
Bear MA Crossover
NZDCHF has been on our watchlist for a while now and looks to be setting up nicely with the break and close above the key daily support of 0.6500 last week. The 4hr timeframe is printing an uptrend creating the higher highs, higher lows. Typically in a trend the market will re-test areas of structure as it moves higher and as we can see we have a 38.2 fib sitting...
NZDCHF / H1 / Bat Pattern
Market : Forex
Pair : NZD CHF
Time Frame : H1
Strategy : Cypher Pattern
Risk Ratio : max %2
If you dont know how to trade with this analyses, please scroll down and look at the educational ideas at comment part
Price stalling after retesting the shown trend line, which is on top of a daily level and also key fib area. Very bearish long term market. Will wait for 4hr candle to close before entering, however if stays the same it'll give a high probability set up with a good risk to reward.