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NZDCHF breakout found on daily chart one can make long position at market.
buy at 0.62750
sl 0.62000
TP 0.65000
Note:- Please d your own research before taking any trade.
Thanks
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6367). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading Signal:
There is a Trading Signal to Sell in NZDCHF Currency Pair.
Traders can open their Sell Trades NOW
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Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.612). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Hello Traders,
Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 26 Oct
M > Market is moving in a downward channel with few breakouts. Price moved up to test previous support now turned monthly resistance and faced rejection.
W > We can notice that price is facing rejection from supply zones that...
Price if forming a bull flag pattern and also and descending channel inside it which gives a more confirmation that it is likely going to go LONG.
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
If...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.5965). 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 below the 21-Day WEMA which acts as a dynamic...
