Hi Traders! NZDCHF Technical Analysis update and follow up is here. On February 5th I shared with you this “NZDCHF Forecast And Technical Analysis”. This trade moved perfectly as per our plan and provided us fantastic returns and gets added to my list of successful trades. If you would like to learn more about the way we trade and the technical analysis we use then check out the Traders Academy Club. Spoiler alert – free memberships are available! In this post lets do a recap of this setup and see how it has developed now.
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Now lets summarize the idea first:
NZDCHF W1(Weekly) Chart Analysis
NZDCHF H4 (4 Hours) Chart Analysis
Bearish Hidden Divergence On MACD and RSI
NZDCHF H1 (1 Hour) Chart Analysis –
Important Resistance Zone, Bearish Divergence. Until this strong resistance zone holds my view remains bearish here.
NZDCHF Sell Trade Provided Us Fantastic Returns
On the H1 chart the price moved perfectly as per our plan, we had perfect synchronization of the three timeframes (D1, H4 and H1) where we performed the muti-timeframe analysis and based on the above mentioned sell setup our view here was bearish until the important resistance zone on the H1 chart holds. The price respected this important resistance zone and moved lower exactly as we expected, we have collected nice profits with this sell trade.
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To your success,