Nzdchfshort
NZDCHF: Long-Term Short Trend NZDCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Price action at Strong Resistance Trendline (Since Jan 2015)
- Price action at 61% Fibo retracement levels
- Gap between 8EMA and 50EMA too wide
- Stochastic Overbought momentum
Suggested Trade:
Entry @ Area of Interest 0.6825 - 0.6925
SL: 0.6998
TP: 0.6453
RR: Approx. 3.42 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
NZDCHF shortNZDCHF retested weekly descending channel last week and formed head and shoulders pattern on H4
also failed to break above 61% fibo level
waiting for neckline break out
short term target is 38% fibo level that is last broken major resistance
long term target is bottom of channel
NZDCHF 15 SHORT
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NZDCHF - ShortPair: NZDCHF
Position: Short
Ascending trend line broken, price is approaching 38.2, should the 4hr close close enough i will look for a short position
NZDCHF ShortNote
-NZDCHF showing signs of slowing down after intraday rejection of higher price (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT RESISTANCE
-NZDCHF at long term resistance trend line
-NZDCHF showing bearish divergence on 4H time frames
-Stochastic severely overbought at resistance
Entry
-Keep enough distance below the low of the reversal daily candle to confirm a transition of power from bulls to bears
Stop
-Above the high of the reversal daily candle
Target
-2 times stop
Risk Management
-Risk 1% to 2% of capital
-Ratio: 2:1
NZDCHFCrab pattern completion at market with 4h bearish confirmation.
Profit targets and stops as shown on the chart.
#tradingwerks
NZDCH REVERSAL JOIN INEXPECTING NZDCHF TO REVERSE BEFORE WE CONTINUE UPWARDS SO JUMP IN
See previous analysis
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
NZDCHF pullbackPlease note, all information presented here is for educational purposes only and is not intended to provide financial advice.
NZDCHF BEAR SHORT TERMbutterfly on NZDCHF and we expect bearish for short term then bullish to midterm decline line.
NZDCHF approaching support, potential bounce! NZDCHF is approaching our first support at 0.6501 (Horizontal overlap support, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6610 Horizontal swing high resistance, 38.2% fibonacci retracement).
Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCHF - SHORT POSSIBILITYPS: PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
NZDCHF, H1 Bearish pattern confirmedBearish pattern confirmed
Action: sell
Tp1: 0.6471
Tp2: 0.6448
SL: 0.6522
Wait the right price action as entry key.
NZDCHF WATCHOUTON THIS PAIR NZDCHF, I AM EXPECTING THIS TO MAKE SOME RAPID MOVED BACK UP IN THE NEXT WEEK OR SO.
SEE ON SCREEN INTRUCTION
PLEASE LIKE, FOLLOW AND COMMENT
:)
NZDCHF -SHORTRETRACEMENT ZONE TOUCHED + RESISTENCE LINE + DAILY TRENDLINE + PULLBACK BEARISH CANDLE = THIS CHART COMPLETE EVERY CRITERIA TO GO SHORT
NZDCHF DailyFound the pair to be bearish as indicated by the 200 EMA and 50 EMA. Price closing below the 20EMA.
stochastic and RSI showing bearish momentum too. will try to enter in the hourly to get into the bear trend
NZD/CHF - Day Trade - Quick 35 PipsNZD/CHF is currently in a strong bearish momentum and is looking for a break further below.
As we can see from the candlesticks on the 4H chart and 1H chart, it hasn't been able to find support.
As it breaks the current price consolidation area, we can see it go down 35 more pips.
This is a quick day trade. Risk no more than 1-2% and wait for enough confirmation.
The move is canceled if a candle on the 4H closes higher than the last 2 candlesticks.
Trade safe.
