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Nzdchfforecast

NZDCHF with Christmas around the cornerNZDCHF - with Christmas around the corner and not much volume in the Asian session, NZDCHF has continued to trade in a consolidation channel. After rejection from the support level, the price has been supported by an ascending trendline. Expecting the candle's closing at H4, above the current resistance level, confirms possible uptrend continuation and long setup. The setup offers an R:R ratio of 1:3. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Long
by OGFXTRADER
2
NZDCHF | Perspective for the new weekTwo Bullish engulfing candles saw price broke out of a key level @ Fr0.62950 on Wednesday to set the stage for an opportunity to go long as price settles back into this level for momentum. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand Observation: i. Bullish Trendline: A visual representation of support level as the line is drawn under pivot lows showing the prevailing direction of price. ii. Decline in price that began in Nov. 2020 found bottom @ Fr0.62330 to initiate a reversal structure that led to Breakout of Fr0.62950. iii. the expectation of an "AB = CD pattern" shall be a guide in the coming week. iv. ABCD pattern parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% currently (with a possible 78.6% in the future) Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: BUY confirmation with a minimum potential profit of 80 pips. Risk/Reward : 1:4 Potential Duration: 1 to 4 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
NZDCHF uptrend setupprice direction: UPTREND potential target price: 0.6309 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
NZDCHF - short entry on the breakout of the bearish flagThis pair is at the top of H4 TF Rising Wedge Structure. While reaching this top area, it form another corrective rising wedge structure in H1 TF. Its now breaking below the Risin wedge in H1, and forming bearich continuation flag pattern. I enter short entry on this pair on the break of the flag, with sl above tha flag, targetting to at least to the bottom area of h4 rising wedge structure at 0.60500. Lets see how will this one play out. Good luck
Short
by moa_trading_journal
1