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Nzdchfshort

NZDCHF - Interesting IdeaInitially I thought we would see immediate rejection from the key daily supportive level marked but we didn't. I personally believe most retail traders would have been buying at the area using a tight stop loss. Now that banks have come in and driven the price down to SL hunt, they may have now gathered enough liquidity to drive prices higher. I will be waiting for a break and retest of this small resistance marked before considering a long position. If this set-up completes it could provide us with a great risk to reward trade.
Long
by AlkalineFX
2
NZDCHF CAN GO BOTH SIDES.**ENG** - Price just reached our reversal area, we had an initial bias of a bullish position from this area, however price is currently very impulsive and can easily break. - If price starts to consolidate around this area, we would look for a bullish signal and enter long. - If price breaks this level, we would wait for the retest of the zone, and then enter short. **PT** - Preço a atingir a nossa zona de reversão, inicialmente tínhamos uma opinião bullish, no entanto devido ao quão impulsivo o preço se encontra, há uma enorme possibilidade de quebra. - Se o preço consolidar por volta desta zona, o melhor será aguardar por um sinal de subida e entrar em compra. - Se o preço quebrar esta zona de suporte, o melhor será aguardar pelo retest e entrar em venda.
by Wevesting
NZDCHF short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **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
Short
by GWBFX
1
NZD/CHF could go lower if resistance holds💡Hello traders, Hope you are having fantastic summer and also are finding time for trading as well :) I will really apricate any likes and follows, that would help grow this channel. Let's take a look at NZD/CHF on daily chart. We can see that price is at key resistance line. We believe NZD will have tough week and many pairs involving kiwi will see down movement. However, we will wait for confirmation before entering any trades. Let us know what you think about this idea. Trade safe !
Short
by UnknownUnicorn3249870
NZDCHF 4H TIMEFRAME ANALYSISThe pair's price broke out of the rising trend line (demand line) after forming a 'HEAD AND SHOULDER' pattern and has been consolidating for some time now. The pair's price is also falling while respecting a falling trend line (supply line). You should be monitoring to see if the price breaks the support zone of the consolidation box and wait for a 15 MINUTES correction before taking a short position at the pivot point (support turned resistance) at 0.60900, with the stop loss placed above the last lower low at 0.61310, ensuring that your stop loss is protected by 3 layers. The take profit can be set at the next significant support at 0.57600, however, an alert should be placed a few pips above this price point to ensure that you will be able to observe the price behavior as price approaches this zone so that in the worst case scenario you can close your trade a few pips short of the target.
by BullexInvestments
4