NZDCHF Bearish Opportunity Forming At The Moment

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NZDCHF Follow Up and Update Of The Buy Opportunity

Hi Traders! We have NZDCHF bearish opportunity forming at the moment. A detailed analysis of this potential sell setup is as follows:

NZDCHF H4 Chart:

On the H4 chart we have a bearish hidden divergence that has formed which we may consider as an evidence of bearish pressure. Hence we may now look for more evidence of bearish pressure on lower timeframes in order to join the bears.

NZDCHF Bearish Opportunity Forming At The Moment

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NZDCHF H1 Chart:

On the H1 chart the price has reached a critical zone and is currently moving lower. We had a bearish divergence and in addition to this we also have a good uptrend line that has formed and the price has currently reached this uptrend line. If we get a valid breakout here we may then consider this as an evidence of bearish pressure and then we may start looking for sells expecting further continuation lower.

NZDCHF Bearish Opportunity Forming At The MomentInvalidation: If the price breaks and holds above the high at 0.6452 then this setup will be invalidated.

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

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Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

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2 COMMENTS

  1. Hi Vlad,
    Good day ! I am following you in trade room as well as on twitter. I like to make a suggestion. In the analysis, along with the entry levels, can you suggest the possible target level. Is it possible? Or the best strategy to get out of the trade with max pips.( may be PSAR or FIB level ETC )

JOIN THE CONVERSATION - I ALWAYS REPLY (VLADIMIR)

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