Evening Traders,
Today’s analysis – NZDCHF – trading towards a key level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Weekly S/R Support
- .618 Fibonacci Confluence
- RSI Extended
- Swing High Objective
NZDCHF’s immediate price action is trading towards a key trade location that has technical confluence with the Daily S/R and the .618 Fibonacci, allowing for a bullish bias.
The current swing high is the objective, exceeding this level will lead to a trend continuation.
The swing high is the objective, exceeding this level will lead to a trend reversal.
Overall, in my opinion, NZDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
Today’s analysis – NZDCHF – trading towards a key level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Weekly S/R Support
- .618 Fibonacci Confluence
- RSI Extended
- Swing High Objective
NZDCHF’s immediate price action is trading towards a key trade location that has technical confluence with the Daily S/R and the .618 Fibonacci, allowing for a bullish bias.
The current swing high is the objective, exceeding this level will lead to a trend continuation.
The swing high is the objective, exceeding this level will lead to a trend reversal.
Overall, in my opinion, NZDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
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.