Take a look back at our previously analysis on this. Simple trend follow, sat 100 pips up.. get ready for the break and the sell opportunity now.
Drop me a message if you want to learn more. Ignore all the confusing charts you see as they are meant to be confusing to draw you in to buying for their con of a service!
My telegram is @Luke_apex so drop me a...
Stop listening to all these fake scammers out here. All they want is to show you confusing charts to make you think it is hard so you buy into their scamming groups.
Look how ways trading is. We can see the bullish trend here lining up nicely with the stochastic. Now, we do not use indicators for our trades but when you have something like that where it lines up...
. There is still a possibility of temporary retracement to suggested resistance line (0.6125). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
as you can see, NZDCHF has been ranging for a bit. it retested the 200 ema, broke my channel trend line, and created a head and shoulders pattern on the 15/30 minute timeframe. this is my confluence. i believe that the pair will continue to sell into the next demand zone.
this goin to hell, i think... FX:NZDCHF
Price has already trapped around prior 000 though there is a chance a pullback/reinducement might occur during new york session tomorrow. Ive placed a sell limit at this price point. The R:R for this setup is 1:2
These are the two likeliest scenarios which I find plausible. My bias is that we will rally back up to forma. double top formation, slightly exceed the high before dropping but we could see bears come into the market from the word go.
Similar to NZDUSD, a further drop down looks more likely this next week.
Our Sell signal is still present, we are visually rejecting the EMA and moving to the downside.
Lets see how the next week pans out - we trade what we see and not what we think.