Vladimir Ribakov analyzes NZD/CHF on weekly and daily charts, identifying a zig-zag pattern that could break above key resistance. He spots bullish divergence near the lower Bollinger Band and a supportive trend line, suggesting a "buy the dips" opportunity ahead of a potential major rally.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and today in today's video, 31st of March 2022, I would like to share with you my technical analysis and some interesting trading opportunity on the New Zealand franc, where I find a great opportunity building up. And before I go and explain what and why exactly do I find on the charts that really are so interesting. Let me welcome you if you are new to this channel. Welcome to our amazing community. Please subscribe to the channel with the subscribe button below the video and also remember to enable notification. And also I invite you to our trading club, Traders Academy Club, where you will get your access to a full VIP price action course, where you will enjoy from our real-time trading ideas, real-time trading education, every single idea delivered with a detailed video explaining the how, explaining the when, and explaining the why. To join our family and to enjoy from all the best offers we have to offer you in your trading journey, follow the link below in the pinned comment or in the comment, um, on, or in the description, uh, or of course in the pinned comment in the comment section. So what do we have on the chart and why do I find that interesting? Uh, starting from the higher time frame, just to give you a brief idea, what do we have here? I see that as 2 waves down where I expect to see 2 waves up. And if you go to the lower time frame, this wave is the one that we will analyze there. Take a look how the weekly looks like— 2 waves up, 2 waves down, creating a zigzag. Ideal scenario would be breaking above this area Getting a retest and skyrocket. And that's pretty much what I want to show on the lower time frame. We can try and time these buys. How? Well, first of all, we are gaining here a trending structure. This is a bullish trending structure, and by flipping the trend and making higher highs, higher lows, buy the dips is the right thing to do here. Now, uh, we got 20 candles right on the Bollinger Band, which means once we are next to the lower part of the Bollinger Bands, we can start looking for the bounces. Taking all that into consideration and in our usage, we go to the lower time frame and pay attention to very interesting things. This is the first low, which very likely would be Temporary low of a stoppage. I believe we should see the price going here where we got the important volume, dynamic 200 moving average, supportive trend line here, and also of course what we saw on a daily chart, the daily Bollinger Band. All be— and if that's not enough, then we have the resistance area and the supportive area. Right of the uptrend. Again, this becomes a very, very strong zone, and I believe that slowly, slowly, slowly, we will find ourselves here creating a bullish divergence— lower lows on the chart, higher lows on the indicator. Uh, and on the daily chart, very likely we would see a bullish hidden divergence here for a trend continuation. Once these conditions cook and prepare themselves This should be a great opportunity to look for the buys where we will ideally see the weekly lower trend line breaking and then possibly beginning some massive major rally. So with an opportunity to time that here on the lower time frame, we can then look to join and possibly gain huge momentum for a longer time frame. So I wanted to explain how and why do I see that in the way I do. If you find these videos and such videos useful, educational, helpful, hit this like button below the video, drop some feedback in the comment section. 15-20 seconds of your time is a huge help to this channel, and, um, thank you very much to all those of you who help, of course, and who support my work. And that's it for this video. Let me know what do you think about the Kiwi franc. And, um, thanks for your time watching this video. I hope you find it interesting and useful. And once again, welcome to our trading family, the Traders Academy Club. To join our family, follow the link below in the description or in the pinned comment in the comment section. I'll see you soon with more. Bye for now. Stay safe. Be well. Bye.
