After noticing an over extension in price, we are starting to see some rejection in the Daily chart. I would wait this market out for the Daily candle close before making any trading decision.
As shown already on the 4hr chart, there have been some bearish rejection candles such as the bearish engulfing candle.
I would look for the daily candle to close...
FX:NZDCHF has been in an uptrend for several days. However, price has reaching daily resistance zone and also experiencing bearish divergence on the 1 hour chart. Even if the bullish momentum continues on the daily time frame, we can expect a pull back on smaller timeframes!
This is what I see at the moment, the chart is self explanatory however for the trade I'm watching for is a wave B short. Which typically lands at 50%.
I haven't entered just yet
Hello,Traders!
NZD-CHF is moving up and
The pair is clearly overbought
So after it hits the horizontal
Resistance level of 0.546
We are likely to see a
Local bearish correction
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
We are going to wait for price to break the important resistance level or rejection which we wil look for buying or selling opportunity.
if you like this idea write in comment.
Best regard Abu Ameer.
Hey Traders, in this week we are monitoring NZDCHF for a long term selling opportunity around 0.55900 zone, NZDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.55900 support and resistance area.
Trade safe, Joe.
We have these indicators for BUY opportunity:
- Support from a Monthly low level
- Low volume to continue the current direction
- Strong support line (historical low)
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
SL = -200 pips
Pair: NZDCHF
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Long
Entry: Continuation Corrective Structure after the breakout.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future...
NZDCHF reached a significant daily horizontal supply zone.
Taking into consideration, that the pair is quite overbought,
probabilities will be high that we will see a bearish reaction to the underlined blue area.
Cup & handle pattern on an hourly time frame gives us a nice bearish confirmation.
I expect a bearish movement to 0.5375 support now
❤️Please,...
Hello Traders
In This Chart NZDCHF HOURLY Forex Forecast By FOREX PLANET
today NZDCHF analysis 👆
🟢This Chart includes_ (NZDCHF market update)
🟢What is The Next Opportunity on NZDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Liquidity at previous level has been raided causing a break of structure
Buyside Liquidity lying above next key level
Waiting for a liquidity sweep above and lower time frame rejection for confirmation of a short position
If a 4h candle breaks and closes above, I will be looking for a retest of the zone and take a buy to the upside! FX:NZDCHF
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
wait for break current resistance level and go long with retest
or
wait for pullback to entry point of long position and go long from there
have fun :)
4h resistance break and close above meaning resistance has turned support
Sell side liquidity swept from new support level
Waited for reversal on lower time frame and entered
targeting a 1:2+ RR
this currency pair probably reached to its correction momebt
so because of the number 1 apears on the candle that inside the resistance box
from here there are 4 scenarios
1.correction 1-4 candles and the continue upside
2.sideway long correction
3.hard downside to 52553 area
4.totaly ignored the 1 candle and stright upside
for me most likely scenario is...
