On NZD/CHF, it's nice to see a strong sell-off from the price of 0.53960. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the...
Certainly, here's a precise summary of "Lower High" and "Lower Low" with bullet points:
**Lower High:**
- **Definition**:
- In technical analysis, a "lower high" occurs when the peak in the price of an asset is lower than the previous highest peak.
- **Indicator of Downward Momentum**:
- Suggests a potential reversal or continuation of a downward trend in...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
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MARKET PHASE
OANDA:NZDCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders...
Hello,Friends!
It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.540 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Possible bearish continuation of the pair with the target of hitting the low made 29/02/2024.
If the price breaks and closes below the current low this could be a good low to look for rejections on retest for continuations lower.
Key Levels to note:
1. High made on 27/02/2023
2. Low made on 29/02/2024
3. Break below the above will be looking at the low made on...
For learning purpose only, this chart might plummet to the downside to the 0 entry. This is risky and counter trend, the pair may simply just continue shooting up
As with the AUDCHF, we have almost a copy-and-paste triangle pattern, but on this NZDCHF, the market still looks to be constructing the leg 'd' of the triangle, if all factors hold on, we should see a dive to the rising Trendline and back up for wave 'e' before we see a full and free fall.
Firstly this pattern was spotted on March 7th, and the development is...
In this chart we have spotted BEARISH DIVERGENCE which is played upto mark and after that we can see a BEARISH FLAG which identify a suitable short target and take an entry & exit points accordingly.
Expecting a long-term buy on the pair. High chances they'll run a stop loss hunt and ultimately start buying from the 0 Drawback entry.
Dotted lines are for sculping opportunities.
Regards,
NZDCHF nicely respected a solid rising trend line on a daily.
We see a confirmed violation of a resistance line of a falling wedge pattern on a 4h time frame.
We can anticipate growth now at least to 0.5422
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NZDCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new HH.
What you guys think of this idea?
Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I expect bullish price action from here as price mitigated bullish order block and could reject from institutional big figure 0.54000.
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