if the order block is disrespected on the 1 hour then close the trade 14 pip sl 22 pip tp
Waiting for price to enter Marked Bearish OB Set Sell Limit at bottom of Order Block and set TP accordingly. Set Stop loss few pips above top of Order Block. Thanks Wish You best of luck
On NZD/CHF is nice to see strong sell-off from the price 0.54330, there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... S/R zone from the past + Downtrend +...
Yellow: Open Position Red: Stop Loss Green: Take Profit I am not responsible for your loss! Thanks for visiting. Happy Trading!
Longer timeframe play to consider : Near Support at around 0.51735. Rebounding upward. Max range : 0.54646 Consider TP : 0.54260 RR-ratio : 5.44 Expected timeline : 20-25days Swap : positive
Perfect For Price Action Reasons : Dow = Bearish Trend (2 LH , 2LL ) Waiting For LH Resistance Broken = 0.53562
NZDCHF is trading inside a multi year Channel Down, evident on the 1W technical outlook, which is neutral (RSI = 47.618, MACD = -0.007, ADX = 23.111), despite the pause to the downtrend since August 17th. The 1D MA200 holds as an unbroken Resistance since January 31st. Based on the 1D MACD, the current pattern mimics May - June 2023 and is on the 0.618 Fibonacci...
Hi Traders ! On The Daily Time Frame, The NZDCHF Price Reached A Support Level (0.51902 - 0.52084). Currently: -The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level. So, I Expect a Bullish Move 📈. i'm waiting for retest... ----------- TARGET: 0.54075🎯
hi friend to my openion this currency is complite M pattern so its time to sell
Multiple possible opportunities to take quick short contra-trend trades in the direction of a possible major reversal
-------------NZDCHF LONG------------- Next week I plan to long currency pair NZDCHF. It has room to reach trendline again around 0.5490. This is not a financial advice, do your own analysis and research.
Confluence: 1. Conversion line below Base line for bearish direction . 2. 50 % retracement 3. Price almost touches the Senko Span B retest. Slightly below the Base line 4. Level also 50 Day EMA . Entry just below 50% retracement.
Hello Traders ! On 4H Time Frame, The NZDCHF Price Reached a Support Level (0.51902 - 0.52084) Currently, The Price Formed a Double Bottom Pattern. The Neckline is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.53330🎯 ___________ if you agree with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hey all! So, we officially have this trade completely closed out. The market started to struggle to maintain a strong bearish momentum and ended up being unable to break the last low. After a while, it seems the buyers won the upper hand for the time being and the trade stopped out. Overall I consider this trade a great one as I held to the trading plan and kept...