2 SCENERIOS FOR NZDCHF
1. Price has been in a range between its 2 weekly zones since Jan 2015
2. Bulls look to have taken control and is making its way to the top of this range
3. Price made a strong push above its Daily resistance zone which has now turned into support
4. Price is attempting to break through its 4HR resistance zone to reach top of the weekly range
5.IF price breaks through resistance wait for price to retest that zone and then enter on PA confirmation
IF Price gets rejected at the 4HR resistance zone look to short to its Daily support level
2. Bulls look to have taken control and is making its way to the top of this range
3. Price made a strong push above its Daily resistance zone which has now turned into support
4. Price is attempting to break through its 4HR resistance zone to reach top of the weekly range
5.IF price breaks through resistance wait for price to retest that zone and then enter on PA confirmation
IF Price gets rejected at the 4HR resistance zone look to short to its Daily support level
Trade active
1. Price is 30 pips from first target2. 2 opportunities to enter long here:
- First Entry: wait for Price Action Confirmation at the Daily Zone before heading long
- Second entry: Wait for break and retest of 4 hr zone for second entry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.