NZDCHF
NZD/CHF: Day Trading Analysis With Volume Profile 📊 On EUR/USD is nice to see strong sell-off from the price 0.56280, there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Strong S/R zone from the past + Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
NZDCHF ____ INCOMING BEARISH TRADEFellow Traders,
NZDCHF has been cooking and right now I would say it is ready to be served. This pair had made a bearish impulse on the weekly timeframe and now, it has retraced into a key zone which is an FVG on the daily timeframe. I am not looking for another bearish leg on the weekly I just expect a short-term bearish reaction to the zone as I have marked on my chart.
Hopefully, my setup come before this move so I can take a trade because right now, it seems it might leave without me...LOL
What do you think about this trade idea? are you also watching it?
You might also want to keep an eye on EURNZD and NZDUSD.
Cheers,
David
NZD/CHF: Day Trading Analysis With Volume Profile 📊 On NZD/CHF is nice to see strong sell-off from the price 0.5700, there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Strong support zone from the past + Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
NZDCHF - Short from premium zone ✅Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts from premium zone. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.57000.
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NZDCHF Will Move Lower! Sell!
Here is our detailed technical review for NZDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.564.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.556 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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