Evening Traders,
Today’s analysis – NZDCHF- trading towards a key local S/R where a rejection is probable,
Points to consider
- Price Action Impulsive
- Local S/R Resistance
- Swing Low Objective
- Low Volume
NZDCHF’s immediate price action is trading towards a local resistance that has a probability of a bearish retest, allowing for a short bias.
The Swing low is the current objective, taking this level increases the probability of a continuatin.
The volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, NZDCHF is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
Today’s analysis – NZDCHF- trading towards a key local S/R where a rejection is probable,
Points to consider
- Price Action Impulsive
- Local S/R Resistance
- Swing Low Objective
- Low Volume
NZDCHF’s immediate price action is trading towards a local resistance that has a probability of a bearish retest, allowing for a short bias.
The Swing low is the current objective, taking this level increases the probability of a continuatin.
The volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, NZDCHF is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.