This engulfing candle isn't real strong but I like that it countered a retest on the previous week. I'll place my stop 130 pips away but I like a sustained move up here.
Possible long on this pair, NZDCHF. It hits the downside of the uptrend tube. First safe target is around 0.7183. There could be a point where the support becomes a resistance. Next target could be the Highs, around 0.7300
Bullish color divergence forming around OCO area. Low risk daily trade setup.
Harmmonic pattern confirmation + Daily resistence hit = Good timing to sell Tp: 0.70336 SL: 0.73314
It looks solid long. Cash build up seems to have ended and Magic-T is pointing upwards. Trading currently above all the trend lines and the overall trend is long. There is a potential small profit of a couple of hundred pips, but the risk/reward is fair.
this pair is currently respecting the trend line and should moving back up to the 0.71200 area ..
buy @ 0.71751
NZD gaining support from trendline and support level
Nzdchf hold Strong Weekly support and Formed Bullish Bar in last Week. We can See it can Revisit 0.7150-0.7200 Level as strong bottom seems on weekly 0.6920 Advice buy in range of 0.7010-0.6940 Sl below 0.69 TP1 0.7130 TP2 0.7240
THIS IS THE POSSIBLE SCENARIO IN THE NZDCHF SCENARIO 1D CHART IF IT BREAKS THE TRENDLINE AND SUPPORT PUT SELL ORDER @ 0.69000 AND TP @ 0.66500
YOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates.
ABCD correction completed, RSI oversold trendline support buying volume So, odds are in favour to go long with good RiskReward