Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price is giving us what we needed to see... indications of a drop soon to come! Could be a good Swing Trade setup....
NZDCHF has hit a HTF bearish order block, and may be indicating a bearish response. Price has formed a 1H OB here, and price dropped a bit, and is now returning for a retest of the OB. I expect further declines. If price breaks the high of the OB, this invalidates this short setup. 0.65500 is the area I am watching for signs of reversal. Look for your...
NZDCHF is moving bullishly. Perhaps after a pullback, price will continue with buyers in control.
My apologies! I totally skipped an available opportunity in this pair! It was worthy of mentioning, and I didn't. NZDCHF has indeed broken structure to the upside, and we now await a return to impulse. However, there are plenty of pips to brab before price hits that bullish order block! A short for day traders and scalpers is available right now, as price is...
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Buying at market price 0.65437 with # SL below the pin bar @ 0.65108 and # TP at previous swing high @ 0.66148 You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. Happy trading :)