A potential long with a bounce of the 0.5 level on the fib retracement and the daily trend line
Top of channel + important supply zone + indicators confirmation + forming potential double top
Possible inv. H&S formation for NZDCHF. Stop and target levels were given in chart. Good luck..
We break that zone. It is a pretty strong zone and if we break it we have a lot of space to the downside. You can see the EMA right on support too so a break would be great.
The sentiment of NZDCHF currency pair is DOWN SWING. Recent swing is moving DOWN from upper band to middle band. The previous swing of NZDCHF currency pair was UP and had no volatility movement, so demand is decreasing. As market direction the sentiment has turned to negative while the selling pressure overcomes the buying pressure. The execution of selling price...
If we zoom in on the top of the trend, we are going to notice that the volume traded decreases as it goes higher (In fact, bearish candles have more volume). We see a bearish engulfing candle right in the top of the trend which is a very strong reversal pattern. Price already reached the weekly trend-line (green) and it couldn't stay longer than 3 hours to...
NZDCHF is approaching our first support level at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on...
NZDCHF reversed off its resistance where we expect to see a further drop. NZDCHF reversed off its resistance at 0.69194 (61.8% Fibonacci extension , 61.8% & 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.6651 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap...
Landing on support on daily with confluence of support on 240, 200 ema
Trade at your own risk Don’t be Impatient, don’t over trade, choose one of my ideas and just trade that one. Don’t trade all my ideas, ever. Always wait for the setup to complete. Don’t enter too early or too late because you suffer from FOMO (Fear of missing out). Forget making $1,000 a day if you are not making 10$ a day consistently. Less is More. For more...