From TradingView · · 1m 20s
A short setup on NZDCHF, waiting for the pullback
A trader lays out a simple bearish case on NZDCHF and the one thing that has to happen before she sells.
In brief
A trader lays out a simple bearish case on NZDCHF and the one thing that has to happen before she sells. The cleanest trades are the ones you do not have to argue yourself into, but you still wait for price to come to your level. Originally reported by TradingView.
A textbook downtrend
Taneesha reads NZDCHF as a clean bearish trend, easy to see without squinting at the chart. The structure lines up with what a short seller wants.
“NZDCHF is giving a textbook bearish trend, super easy to read”
Futures back it up
NZD futures are showing clear weakness against the Swiss franc. Two separate signals pointing the same way is the reason she favours a sell continuation.
Wait for the pullback
She is not chasing price lower. The plan is a small bounce back into the 4H and daily supply zone before anything happens.
“I'm looking for a tiny pullback into the 4H / Daily supply zone.”
Rejection is the trigger
Price tapping the supply zone is not enough on its own. It has to tap and reject, and that rejection is the spot to position the sell.
“If price taps that area and rejects, that's the ideal spot to position a sell.”
Don't overthink it
Clear trend, clear weakness, clear supply. She files this under the charts where adding more analysis only makes the decision worse.
“This setup is one of those "don't overthink it" charts”
An idea, not advice
TradingView attaches a standard disclaimer to posts like this. It is one trader's published plan, not a recommendation the platform stands behind.
The main idea
The cleanest trades are the ones you do not have to argue yourself into, but you still wait for price to come to your level.
