🧠 Technical Overview
Pair: NZD/CHF
Timeframe: 4H
Current Price: ~0.49290
General Structure:
Bearish trend overall (clear downtrend preceding the current formation).
Price pulled back into a rising wedge pattern (which is a bearish continuation setup).
Resistance zones around 0.5009 - 0.5068 marked (supply zone / previous structure).
Support target around 0.47135 (where the big drop might aim if the wedge breaks down).
🔥 Pattern Analysis
Rising Wedge:
Price moving upwards in a narrowing range – typical before a bearish breakdown.
You've drawn the expected path: a slight fake-out or retest near 0.5000 before dropping.
Breakout Plan:
First drop could aim at the 0.4850–0.4800 zone.
Bigger move targets around 0.47135.
🔍 Indicators
MACD:
Showing bearish divergence (price is climbing but MACD momentum is weakening).
MACD lines are close to crossing bearish.
RSI:
Hovering just below the overbought region (~60s).
Looks like it’s starting to turn down, confirming momentum is fading.
🧩 Summary
Bias: Bearish
Key triggers:
Breakdown from the wedge.
MACD bearish cross.
RSI losing 50-level would confirm momentum shift.
Risk:
A strong bullish breakout above 0.5068 would invalidate the short setup.
My quick tip: I’d watch how price reacts around 0.5000-0.5010. If it forms a double top or rejection candle (like a bearish engulfing), that would be a nice confirmation for the short.
Pair: NZD/CHF
Timeframe: 4H
Current Price: ~0.49290
General Structure:
Bearish trend overall (clear downtrend preceding the current formation).
Price pulled back into a rising wedge pattern (which is a bearish continuation setup).
Resistance zones around 0.5009 - 0.5068 marked (supply zone / previous structure).
Support target around 0.47135 (where the big drop might aim if the wedge breaks down).
🔥 Pattern Analysis
Rising Wedge:
Price moving upwards in a narrowing range – typical before a bearish breakdown.
You've drawn the expected path: a slight fake-out or retest near 0.5000 before dropping.
Breakout Plan:
First drop could aim at the 0.4850–0.4800 zone.
Bigger move targets around 0.47135.
🔍 Indicators
MACD:
Showing bearish divergence (price is climbing but MACD momentum is weakening).
MACD lines are close to crossing bearish.
RSI:
Hovering just below the overbought region (~60s).
Looks like it’s starting to turn down, confirming momentum is fading.
🧩 Summary
Bias: Bearish
Key triggers:
Breakdown from the wedge.
MACD bearish cross.
RSI losing 50-level would confirm momentum shift.
Risk:
A strong bullish breakout above 0.5068 would invalidate the short setup.
My quick tip: I’d watch how price reacts around 0.5000-0.5010. If it forms a double top or rejection candle (like a bearish engulfing), that would be a nice confirmation for the short.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.