Bearish drop?NZD/CHF is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 0.52213
1st Support: 0.51741
1st Resistance: 0.52620
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CHFNZD trade ideas
NZDCHFA "double bottom buy stop" strategy is a trading approach based on technical analysis. It involves identifying a specific chart pattern known as a "double bottom," which consists of two consecutive troughs at approximately the same price level separated by a peak. The strategy entails placing a buy stop order above the peak that separates the two bottoms. This order is triggered if the price surpasses that level, indicating a potential bullish reversal. Traders often use additional tools and indicators to confirm the pattern and manage risk effectively.
NZDCHF💡Hello everyone, NZDCHF Chart Analysis The price is now touching a demand area. If the price can hold above the current support area, we may see a new bounce. ⬆️ But if the support is broken, it may be a signal of continued decline.⬇️ MACD indicator: It appears that momentum is starting to wane. If this trend continues, we are likely to see further price declines.
We monitor the chart on the lower time frame ✅
⛔️It is not investment advice, for educational purposes only.
NZDCHF: Long Trade Explained
NZDCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDCHF
Entry Point - 0.5234
Stop Loss - 0.5208
Take Profit - 0.5282
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCHFIs NZDCHF exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5100 followed 0.5000
What you guys think of it?
NZD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.531 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZDCHF Elliott Wavehello friends
In the NZDCHF currency pair, we see the formation of a 5-wave pattern with overlapping waves (waves marked in pale blue).
This only happens in triangles.
Therefore, we are faced with a normal triangle or an end triangle that is formed in waves 5 or C.
In both cases, when the price hits the line drawn at the bottom of the triangle (line 0-2), we should witness the change of trend from downward to upward.
The last micro wave which is indicated by small numbers 1-5 has not been completed yet.
Therefore, we expect to witness a relatively strong and large rise with sub-wave 5 and reaching the trend line drawn at the bottom of the triangle.
My theory is that for now, the trend is downward until microwave 5 is formed and reaches the bottom of the triangle, and then the upward trend begins.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
NZDCHF Will Explode! BUY!
My dear followers,
I analysed this chart on NZDCHF and concluded the following:
The market is trading on 0.5280 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5323
Safe Stop Loss - 0.5254
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDCHF is expected to rise from a Point of Interest (POI)NZDCHF is expected to rise from a Point of Interest (POI), which is a key price zone between 0.52969 and 0.52770. A bullish order block (an area where buyers previously entered the market) in the higher time frame is located between 0.52006 and 0.51746, providing additional support.
Based on advanced price action and Smart Money Concepts.
The analysis suggests the
Entry Price :- 0.52974
Take Profit :- 0.53378
Stop Loss :- 0.52632
This strategy is aimed at capturing an upward move in the market from this key price zone.
NZDCHF - LongThe NZD/CHF currency pair has recently transitioned into a bullish market phase. We are considering a long position contingent upon a retracement to our buy limit order set at 0.53207. However, it is essential to approach this trade with caution, as the market may exhibit sharp bearish swings despite the overall bullish confirmation.
Key Levels:
Entry Point: 0.53207
Breakeven Point: Located at the -27 Fibonacci level
Target Price: The target is set based on chart analysis, with a maximum target of 0.54250.
Regular updates will be provided to monitor the trade's progress and any changes in market conditions. Stay vigilant for potential volatility, and adjust strategies as necessary.