NZD/CHF has broken under the 50 ema on the 4H chart. As long as the 50 EMA holds as resistance, the push further below is active.
Wait for the close of the candle on the 8H chart. No trade has been opened yet. This is only an idea and expectation of what can happen. Therefore, we must wait until we have a good signal and confirmation.
That would be to open your...
EXPECTING NZDCHF TO REVERSE BEFORE WE CONTINUE UPWARDS SO JUMP IN
See previous analysis
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
ON THIS PAIR NZDCHF, I AM EXPECTING THIS TO MAKE SOME RAPID MOVED BACK UP IN THE NEXT WEEK OR SO.
SEE ON SCREEN INTRUCTION
PLEASE LIKE, FOLLOW AND COMMENT
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NZD/CHF is currently in a strong bearish momentum and is looking for a break further below.
As we can see from the candlesticks on the 4H chart and 1H chart, it hasn't been able to find support.
As it breaks the current price consolidation area, we can see it go down 35 more pips.
This is a quick day trade. Risk no more than 1-2% and wait for enough...
Support on top of 50 EMA seems to have been found after having broken it on the 4H chart.
If prices hold strong on top of the 50 EMA, we can see an upwards break of about 100 pips for the first wave.
Trade safe.
The price made a Double bottom on the weekly support, broke the 4h downtrend line, broke the consolidation with a strong bullish push. I`m waiting for the price retraction to go long!
NZD/CHF is near 7 months Low
Price broke key level 0.6708 on H1 chart and H1 close upper that level. It is a good place for open market order.
R:R is 1:6.
Open buy near: 0.6708
S/L: 0.6680
T/P: 0.6946
P.S. Always use S/L and proper risk management because some time price can't be predictable.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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