NZD/CHF Simple Trade Plans/UpsideRisk on generally favours NZD over CHF.
Slower cycle from RBNZ may promote further rises.
Levels noted.
NZDCHF trade ideas
NZDCHF Sell/Short 1:5 probabilityReason for trade:
1. Break of structure
2. Impulsive up move 1AW shows the beginning of a high probability chance of a corrective structure forming.
3. a wave of the 1AW impulsive move goes against the impulse and indicates a b wave should be in the making.
4. A lot of liquidity $$$ levels that need to be taken out
5. Engulfing candle in 1 HR TF
Entry: 0.52900
Stop loss: 0.53129
Take profit: 0.52801
Strategy: Enter at the close of engulfing candle
Add positions by compounding every time price levels indicated with $ are taken out
17-09-2024 _ Short Term Bearish Idea _ NZDCHF H1Bearish Flag Pattern.
As long as the two Resistance Zones hold, my view remains bearish.
Trading plan as shown on the chart.
Trade idea - NZDCHF Long4H
Corrective approach towards entry zone.
-27 Fibonacci completion aligning with entry zone.
= Buy limit.
0.75% risk.
NZDCHF Trade from past weeksEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
NZDCHF Potential UpsidesHey Traders, in the coming week we are monitoring NZDCHF for a buying opportunity around 0.52700 zone, NZDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.52700 support and resistance area.
Trade safe, Joe.
NZDCHF: Buying After Breakout 🇳🇿🇨🇭
NZDCHF may continue growing after a confirmed violation
of an intraday/daily horizontal resistance.
As a confirmation, the price also broke a resistance line of a bullish
flag pattern on an hourly time frame after a test of a broken structure.
Goals: 0.530 / 0.531
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NZD/CHF SHORT FROM RESISTANCE
Hello, Friends!
NZD/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.524.
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NZDCHFWe can attempt to short NZDCHF from specified level as it break HL , also there is bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
NZDCHF may come down from ORDER BLOCKNZDCHF may come down from ORDER BLOCK
There is a order block between 0.53069 & 0.52977
ENTRY PRICE :- 0.52978
TAKE PROFIT :- 0.52723
STOP LOSS :- 0.53225
NZDCHF is now under selling pressureNZDCHF is now under selling pressure
NZDCHF may get down side now.
order block is present between 0.52709 & 0.52515
ENTRY PRICE :- 0.52515
TAKE PROFIT :- 0.52000
STOP LOSS :- 0.52853
NZDCHF Bear SignalBias Bearish
Fundamental Analysis
NZD bearish data, CHF is holding strong awaiting for US change rates
Price Action:
Daily TF is bearish bias. The H4 TF has also change of character to bearish momentum. Currently price retesting the broken H4 support level. Price has rejected and broke in H1 TF support level. Price is heading lower. There was a cup and handle pattern.
Set up:
Short Setup at broken H1 support level (Neckline)
SL above the Swing high in H1 TF.
TP at next SR level R:R 1:4
NZDCHF may rise from SUPPORT! NZDCHF may rise from SUPPORT!
SUPPORT is Between 0.52259 & 0.52216
ENTRY POINT :- 0.52260
TAKE PROFIT :- 0.52350
STOP LOSS :- 0.52200
NZD/CHF Bearish .Breaking the uptrend + Fib levels for the zone to ride the bearish trend
Risking 2%
nzd/chf - short term sell to long term buylooking to sell price to retracement level to buy, waiting for wednesday for the buy to be active.
NZDCHF: Bullish Continuation Expected 🇳🇿🇨🇭
NZDCHF will most likely pullback from a key intraday/daily horizontal support.
As a confirmation, the price formed a double bottom pattern on a 4H
and a strong bullish imbalance then.
Goals: 0.5248 / 0.526
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NZDCHF Currently on NZDCHF on the daily timeframe price just took out the sell side liquidity and went above the low inside the range, then price went up a little bit then came back to retest the CSD and the first attempt respected the CSD. today price took out the previous daily lows also retesting the CSD for the second time.
NZDCHF BearBias Bearish
Fundamental Analysis
NZD is bearish data. CHF is holding strong on bullish data.
Price Action:
Price rejected from daily resistance level and broken the bullish trendline & H4 support level. Price is now consolidating below the H4 SR level. Align with fundamental, bearish momentum is likely to continue.
Set up:
Sell Stop setup below the consolidation.
SL above swing high.
TP lowest Swing low level
R:R 1:4
NZDCHF; lower than higher for a long timeMy interpretation of Elliot Waves for NZDCHF on a weekly chart.
Around October'23 I lost hope of NZDCHF going lower due to price closing at the 50% fib retracement. In my observation when price closes at a 50% fib retracement - that is the reversal point. I thought Aug'23 was wave 3 and Oct'23 wave 5...I thought I missed the low. But the sideways move for wave gave me hope.
I'm expecting a lower low for NZDCHF to complete wave (5) of (V) or V which is in line at the 1.618 area
NZDCHF Is Bearish! Short!
Please, check our technical outlook for NZDCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.523.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.513 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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