NZDCHF SHORT TRADE SETUP RSI DIVERGENCEA clear divergence in NZDCHF four hourly chart with resistance of long term down trend line makes it a good opportunity for swing trade.
NZDCHF trade ideas
NZDCHF - 05/11/2020Price has found itself in a battle between the resistance and extensive support areas. Will look to short under 0.58976.
NZD CHF UPTRENDprice membuat HH yg baru... dan sekarang sedang uptrend..dijangkan price akan membuat retracement level rbs sebelum terus melakukan kenaikan dan mencari kawasan resistance yang baru
Don't miss the great buy opportunity in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6302). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 0.6343
TP2= @ 0.6425
TP3= @ 0.6524
SL= Break below S2
NZDCHF - Positive Divergence - 1st Target 0.63210There is a formation of positive divergence pattern, which is drawn by joining lower lows in price chart and higher lows of RSI Indicator. This pattern indicates that there is a steady presence of buyers around this level and an entry around this level will yield good profits. Therefore, a trade can be placed with a stop loss of 0.61590 with 0.63210 as a first target and 0.64241 as a second target.
There is a trading opportunity to buy in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6593). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.6638
TP2= @ 0.6715
TP3= @ 0.6810
SL= @ 0.6505
NZDCHF Fibonacci Retracement levelsThe price of NZDCHF is currently between the powerful 0.382 level and the not-so powerful, 0.236 level, which can also be viewed as temporary resistance and support barriers.
If the price surges through the 0.382 level, the sentiment is bullish and a long position can be opened with take profit being the above Fibonacci levels.
However, if the price drops below the 0.236 levels, the sentiment will then be bearish and short position can be opened aimed at the 0.0 Fibonacci level.
Only enter once a breakout is confirmed.
SELL NZD/CHF Triple Top PatternSignal no.5
Sell Nzd/Chf @ 0.6807
Tp - 0.6755 & 0.6720
Sl - 0.6820 (13 pips)
Resistance around 0.6810
NZD/CHF Technical analysisThe double top pattern formed in the 15-min chart indicates a trend reversal in the near term.
Also, the pair crossed the critical price action support of 0.67827.
Hence we expect the pair to move to the next support level at 0.67715.
NZD/CHF Technical analysisAfter forming a double top, the pair has broken a critical support as well.
Now the pair is resisted by the broken support at 0.68958.
Hence, the pair is set to make a bearish move from here.
NZD/CHF Technical analysisNZD/CHF is currently in a triangle formation in the 4-h charts.
It was resisted by the resistive trendline and is currently heading moving south.
Hence we expect the pair to continue its momentum and move to the supportive trendline.
A BEARISH VIEWNZDCHF:- PAIR TRADING ALONG WITH A FALLING RESISTANCE LINE. A SHORT POSITION MAY BE OPENED WITH INITIAL PROFIT TARGET OF .675 AND SECOND TARGET OF .669
RETEST OF BROKEN SUPPORT ZONENZDCHF:- RETEST OF BROKEN SUPPORT ZONE. SELL @CMP0.675 TP@0.660 SL@0.679
NZDCHF#2 Being new to tradingview and not able to post previous chart when I entered long on the script, i will make sure I will keep uploading charts whenever i feel the set up is good.
Anyway, lets begin.
Why i entered? - "Well, the price has been on bearish trend. When the price before the entry tried to break the resistance but couldn't do it.
But later, when i had patience, i observed that the price has closed above it. I quickly noted the following:
Confluence no.1: The price finally after first initial try,broke the resistance and closed above it.The breakout of high was my entry.
Confluence no.2: The price was consolidating nearly and not letting the seller push down the price.
Confluence no.3: The price on daily chart is respecting the fibLines.
thus i managed to enjoy a good risk:reward. :)
Stay blessed
Stay happy
Stay Humble.
NZDCHF Rejected from resistance and broke the support for sell NZDCHF broke the support with momentum and trendline also break, we can see some good selling from now but always wait for confirm Entry,Do not trade blindly,Do your own research.
