NZDCHF - Sell-off started ✅Hello traders!
⁉️This is my analysis on NZDCHF .
Here we are in a bearish market structure, so I am looking only for shorts. I expect a sell-off from here as price mitigated the orderblock and rejected from institutional big figure 0.57000.
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Nzdchfforecast
Jamie Gun2Head - Selling NZDCHFTrade Idea: Selling NZDCHF
Reasoning:
Entry Level: 0.6217
Take Profit Level: 0.6182
Stop Loss: 0.6233
Risk/Reward: 2.19:1
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Nzdchf longs...The pair has approached a strong HTF support confluence of a daily upward trend line and a weekly support level...After a brief downside manipulation to mop up sells, the stage is set for longs, a 4H minor downside trend line has been breached, though not convincinly enough, minor resistance is also offered by the yellowed region...
A cute little bullish flag has been forming (highlighted in the purple rectangle) an impulsive bullish break of that and the minor structural resistances as shown should bring about some bullish action in the nearest future.
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NZDCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDCHF LONG - Buy Entry - D1 ChartNZDCHF LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: NZDCHF
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 0.66149
TP - Resistance @ 0.6503
PP Y1 - Pivot Point Yearly @ 0.6391
D1 & W1 Support @ 0.63792
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NZDCHF Buy Limit | Automated TradePending orders are great when you may have a bust day or week.
I’ve placed two pending orders at my estimation zone because NZDCHF is in a strong uptrend on the daily timeframe.
Trade 1 entry: 0.63856
TP:0.64720
SL:0.63215
Trade 2 entry: 0.63856
TP: 0.65215
SL:0.63215
Once price touches the entry price I’ll automatically be triggered into the trade. This will eliminate my time having to seek an entry on this pair had price follow my analysis.
What can void this is if price continues pass the higher high before pulling back.
NZDCHF Sell at KEY levels!Hi Traders,
NZDCHF was rising within LTF ascending channels inside an expanding structure which gave indication that a reversal was coming, however price was simply not ready to fall which has a massive rally upwards. Looking for a short at double top level towards top of the HTF Expanding structure boundary.
Watch for bearish price action before pulling the trigger.
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