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Nzdchfforecast

NZDCHF: Do not miss this long term sell opportunityA week ago, I made prediction on this pair. I stated that the pair is in a strong downtrend on a higher timeframe. Price reached the resistance of the downtrend and got rejected strongly. I was looking for long term short positions since I saw a strong bearish engulfing bar. From the time of my prediction, price fell nearly with 185 Pips. I expect more decline this coming week. For new entries I will be looking for bearish continuation structures for sell positions. Please support this idea with likes. Thanks
Short
by Forexintelligence_NA
2
NZDCHF bearish outlook with top down approachOn a monthly timeframe we clearly see that New Zealand Dollar is the slave to the Swiss Franc. Frankly, the strong downtrend is visible from afar. We can also see those beautiful Lhs and Lls being printed. From the resistance of the falling trend, we notice a strong rejection after price lingered around the level for about 9 months and a strong bearish engulfing bar was printed. I predict the downtrend to resume from here if possible printing a new low on a monthly timeframe. Switching to a daily timeframe, we can see that for days NZDCHF has been consolidating, forming a pattern. Once this pattern gets broken we can expect a big move, if the breakout happens to the downside this would be an opportunity to look for long term sell setups. Daily outlook and when to look for sell entry Friends, please support this idea with likes if you find this helpful. If you have any thoughts on this to share, please feel free to write in the comment section below.
Short
by Forexintelligence_NA
1
NZDCHF two way split What's up guys! This is a very tricky one but have to be careful Price is currently hovering over a major support trendline in Red and it seems to be hovering over it On the Daily time I will be waiting for the break downwards of the this trendline with momentum candles within that time frame to validate that bears are now in full control On the 1H timeframe which involves digging deeper ,price can still make higher highs and approach the major resistance zone before the break of the red trendline but only experienced people can handle this situation cause I won't want to buy around the resistance , my focus is to find a good sell setup What do you guys think ?
Short
by newschooltrader