Nzdchflong
NZDCHF Wait For Break Out Then BuyNZDCHF is showing a promising buy setup in the making. The price is now approaching a resistance that has been tested twice before. So statistically the chances of it breking are only increasing. Besides that we also see that Stoch indicator has lots of upwards momentum left.
Possible target is 0.7776
Long NZDCHF Longterm Based on 1D Chart H&S FormationI just noticed this beautiful H&S formation on the NZDCHF which completed a few days ago. My stop is at 0.69156
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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NZDCHF: A Work in Progress Bullish Pattern ConstructionI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
NZDCHF might go upsignal: up
estimated rate of successful: 99%
duration: following days.
precaution: strong unpredictable moves, except that everything is pointing up.
NZDCHF Buy This BreakoutAfter breaking the upper range earlier today NZDCHF is now also breaking the 14 EMA, besides that the Stoch RSI also shows strong buying pressure and the ADX made a strong bullish crossover. This all together makes it very likely the NZDCHF will head to atleast the 72 EMA and possibly break it.
Buy: around 0,6770
TP: 0,6820 > 0.6890
SL: 0.6720
Engulfing Candle on the WeeklyThis engulfing candle isn't real strong but I like that it countered a retest on the previous week. I'll place my stop 130 pips away but I like a sustained move up here.
Long NZDCHF - short/medium termPossible long on this pair, NZDCHF. It hits the downside of the uptrend tube. First safe target is around 0.7183. There could be a point where the support becomes a resistance. Next target could be the Highs, around 0.7300
Bullish color divergence forming around OCO areaBullish color divergence forming around OCO area. Low risk daily trade setup.
NZDCHF-H4 CHARTHarmmonic pattern confirmation + Daily resistence hit = Good timing to sell
Tp: 0.70336 SL: 0.73314
NZDCHF A quick flybyIt looks solid long. Cash build up seems to have ended and Magic-T is pointing upwards. Trading currently above all the trend lines and the overall trend is long. There is a potential small profit of a couple of hundred pips, but the risk/reward is fair.
NZDCHFthis pair is currently respecting the trend line and should moving back up to the 0.71200 area ..
