NZDCHF LONG SWING TRADEConsider entering a long position on the NZD/CHF pair at 0.53160 with a stop loss set at 0.51933. This trade reflects a potential upward movement based on my analysis strategy. The risk-reward ratio stands at approximately 1.9, offering a favorable balance between potential gains and losses. Monitor market conditions and be prepared to adjust the position accordingly.
NZDCHF trade ideas
NZDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.52800 zone, NZDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.52800 support and resistance area.
Trade safe, Joe.
NZDCHF Trading Opportunity price action is suggest 'Congestion'.
Once it gives as clear indication we open trade, if its break the resistance trendline our target will be at least current resistance zone.
2nd Trade, if its break the current support don't trade wait for the retest and it has to spend sometimes on retest only then we will open our trade for short!
impatient traders don't short immediately!!
NZDCHF: Waiting For Breakout↪️The AUDNZD currency pair is trading a downward trend. Currently, the price is consolidating within a descending triangle pattern.
The range from 0.5289 to 0.5279 is the level to watch closely. If the price breaks and remains below this range on a 4-hour, it is likely that the market will continue to decline.
The next level of support to look out for is at 0.5241...Trade safely 👍✅
NZD/CHF SHORT FROM RESISTANCE
Hello,Friends!
Bearish trend on NZD/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.528.
✅LIKE AND COMMENT MY IDEAS✅
NZDCHF: Another Chances for the BullsNZDCHF: Another Chances for the Bulls
Once again NZDCHF proved to have a strong resistance area near 0.5280
Regardless of the speculations that we had during December,
NZDCHF managed to hold on to this area.
This is increasing the chances that it will rise again and test the resistance area where it was at the beginning of December near 0.6410 and probably even higher at 0.5460
You may find more details in the chart!
Thank you and Good Luck!
NZDCHF Sell ScenarioToday, we will analyze NZDCHF
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
NZDCHF | COULD BE A GOOD SELL Hey Traders!
Here's an exciting update: We're looking at a promising bearish opportunity, with a target of at least 5283, and potentially even more. The market trend seems firmly bearish, and we've got an engulfing candlestick pattern confirming our entry point. The recent daily rebound off the 50-day moving average indicates that sellers are still active. Plus, the higher timeframe shows a broken neckline in a double-top pattern, hinting at a likely continuation. ✅📈
Manage your risk accordingly:)
NZDCHF Will Move Higher! Long!
Take a look at our analysis for NZDCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.528.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.533 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!