Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Trend is your Friend!
1. One Touch, Two Touch and Three Touches
complete a trend.
2. EMA Acting as Dynamic Support
3. Market has entered an area of sensitivity
@ 0.61000 also know as a psychological level
where institutions place orders and take profit
4. Waiting for 3 four hour candles to show signs
of rejection to place Buy...
Forecast NZDUSD , we see a possible buy
Entrance price: 0.67011 and throughout the marked area
SL: 0.66659 35pips
TP: 0.6,9597 258pips
The TP is not always that, it varies as the days go by, but in the same way it is an approximate one, they can move SL until they reach it.
we can see a falling wedge in 4 hour chart , 50% and 61.8% Fibonacci retracement levels are near the price , wedge ends at one of this levels.
also RSI shows us a little trend breakout.
we have to wait for wedge breakout and then the price goes up to 3 targets : last high 0.61800, 0.62200 and the next target is 0.63000.
wait for confirmations and updates.
don't...
NZDCHF on the 4h chart retraced back till the 0.618 fib level of the previous bearish move.
The market created a bear flag inside a minor channel.
IF the price will break and close below the support structure and consequently break the channel, we can set a nice short order according to Plancton's strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618...
NZDCHF H4 CHART
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![NZDCHF: [NZD/CHF] GOOD SIGNAL FOR PLACING A SELL ORDER](https://s3.tradingview.com/r/RuMP8deQ_mid.png "[NZD/CHF] GOOD SIGNAL FOR PLACING A SELL ORDER")
