Have a pattern here with some structure.Also we can see that the price made a lower high where as the stoch as well as the RSI both ended up making a higher high.
Short, then long. If there is a break above pink I will go long.
NZDCHF completed a Bat pattern, price could potentially come back to test the PRZ again
We have a bullish gartley on nzdchf. we have a PRZzone between two support. divergence is forming. the only problem is that AB=CD is beyond our PRZ. so we have to be carefull and look what price do
HI, I am waiting the taking out of the supply level to see if there will be the possibility to buy low when the price will retrace back. Let see. I am a trader of profiting.me Thank you Girolamo Aloe
buy in blue box area between 0.6370-0.6410. AB=CD at D completion
another high probability pattern on this seemingly never-ending consolidation in this currency pair :))
June 8 - -Nzd- Rate day. possible rate cut as it is expected
We have waited this moment almost 2 months and now triangle broken. First have to wait to break the top (0.68775) then we can hold longs till 0.72 area. For stop loss previous daily low or weekly low can be applied (depending on your money management).
Identified 2 Advanced patterns on the NZDCHF. Purple Triangles represent a BEARISH BUTTERFLY(Completed) Blue Triangles represent a BULLISH CYPHER Clearly we are now stuck at an impasse, to go LONG or SHORT, that is the question. Taking a step back to the 1D time frame, we can see that price has moved in a pennant formation ( grey lines) While it is not within...
Just spitballing my idea of how I think this pair will behave. Bullish slant: Looking to buy 0.68 break or dip into 0.653 off wedge support. Bear: Would sell 0.645 Range set: 0.634 () - 0.687 (Dec'15)
NZDCHF = NZDUSD + USDCHF (red line) i like NZDCHF short here because: NZDUSD overbought, USDCHF overbought
NZDCHF sell point: open and close below red box or touch D at ab=cd and close below red line
Good opportunity either way. Elliott Wave Study #1