Nzdchf-short
NZDCHF - DropNZDCHF - Harmonic
8 EMA confirmation.
Divergence!
SellStop: 0.63315
StopLoss: 0.63491
TakeProfit_1: 0.63019
TakeProfit_2: 0.62755
TakeProfit_3: 0.62570
NZDCHF Falls at intersection of channelsThe last few years since 2017, the price has been in a global downtrend.
This trend peaked in February 2020.
The price fell to its annual low of 0.529.
After this collapse, noticeable growth began.
The price has formed an ascending channel (crossing the main descending channel).
Already in November, during the growth, the price was able to break through the support line at 0.615 (the lower line of the falling channel).
And reach the point 0.639 (the resistance line of the ascending channel).
After that, Price made a small rollback.
In my opinion, this will be part of the corrective movement.
I expect the price to be:
1. Will return to the resistance line (line of the ascending channel).
2. Break it and rise to the resistance 0.650 (line of the descending channel).
3. Will fall and come to the support zone (intersection of channel lines).
The target is 0.603.
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NZDCHF finish falling and start growth to resistanceAt the beginning of the year, the price collapsed.
Only by March did the pair enter a growing trend.
Growth is stopped by the resistance line 0.629.
The first time the price touched it in June.
Then in October it bounced off the 0.637 resistance zone (crossing of strong lines).
One of the lines forming the zone stopped the price for the first time in 2015.
And this time the price also fell from the resistance zone.
I expect the price to touch the GJL support line in the 0.615 zone.
And then it will rise to resistance.
The target is 0.634.
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NZDCHF push off resistance and fallIn early November, the price bounced off the support line 0.606.
This was the basis for strong growth.
Until the price came to the resistance zone.
At the end of the month, it touched the resistance line 0.638. And for some time she moved along it.
But then she fell. This movement is a correction for strong growth.
Now I expect the price to rise again towards the resistance zone.
The resistance zone to which the price will come is strong.
This is the intersection of two lines from 2015 and 2019.
In my opinion, the price will not be able to break through this zone (there is not enough support) and will fall to the support line.
The target is 0.617.
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NZDCHF falling in two steps In December 2019, the price collapsed from the strong resistance line at 0.655.
And for the entire 2020, she was unable to return to her previous positions.
Now the price has again come to the same strong resistance line at the 0.638 point.
A resistance zone formed here: the strong line of 2015 + the line of 2019.
The price never broke through the 2015 resistance line.
And this time also began to fall from her.
I expect the price.
1. Will break through the nearest support line 0.613 and consolidate on it.
2. Will fall to the 0.594 support line. This is the goal.
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#NZDCHF short4h: end of wave 5.
1h: end of wave 5 as a Ending diagonal triangle pattern.
fibonacci clusters shown on chart.
sell stop at: 0.6300
stop loss: 0.6350
first tp: 0.6190
NZDCHF good sell signalIn my previous analysis, I said that the price had bounced from strong support line and after break strong level, it was going to reach resistance line.
This forecast came true.
Today the price has come to the resistance line from Julie 2020.
I expect the price to fall towards the support line.
This tells us a good sell signal.
The expected TP is at the support line positions. Mandatory SL - resistance lines.
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Elevate Markets Signature Trade. Level 1 Short NZDCHFPrice is at first level and I believe it will drop for at least another level. R:R 1:4
NZDCHF - Potential ShortI see potential move to the downside, set your pending orders below the trend line.
#NZDCHF Best Set Up For Coming Week...#NZDCHF Best Set Up For Coming Week...
For me this Minor Pair looks really good
We can see a H&S Formation in the TOP of the structure
Also WE can se a Hidden Channel and how price reacts is lovely
Personally I would expect a Drop
Nice Areas For Sell
Entries: 0.6225 and 0.61575
Invalidation Level: >0.6275
Profit Area: 0.6025 And 0.5925
🔱38 and 62 Emas (Price is Testing )
🔱200 EMA Lower 0.602x (MAJOR Level Of Confluence)
🔱🧮HEAT MAP🧮 Showing Consolidation in certain levels
possibility to go short on NZDCHFFpossibility to go short on NZDCHF. As you can see, we have got a breakout and a pullback.
let me know your thoughts!!!
NZDCHFIf the price respect this resistance zone and get a good rejection confirmation we can have a good sell oportunity here.
Affter the trendlines
NZDCHF (Short)An ABC ZigZag with a target of the lowest low or daily fibonacci fan. The C with analysis on a lower time frame has started. 1min & 15min are showing 5 clear impulsive waves short. With the C starting a 38% fibo retracement im targeting the low using the fibo extension of this move so the distance it should travel is 1.61% from the start of A.
NZDCHF SHORTA breakout to the downside with confirmation on the MA Cross and sentiment change. TDI Baseline starting to decrease from an over bought position. Also looking like a double top on H1.
Price Action NZD/CHFWaiting for the price to continue in a bearish direction after the rebound at the level of 0.63500
