NZDCHF BUY SETUP ***MUST WATCH***
Updated
So allright guys, hope you are doing well. Here we have a nice BUY setup on NZDCHF. The trade is based on the retest of the bleue trendline who was broke 15 days ago. To add more confirmation to the retest of the bleue trendline, their is an uprend channel who is forming as you can see, there is the actual outside uptrend trendline to match perfectly with our entry point. To add more confirmation again and again, our entry point is on the 61.8% retracement of the last uptrend, the 161,8% ext and again the 61.8% retracement of the last longterm downtrend (180 days min-max). To add more confirmation again and again, cause we like confirmation, if you click on my chart and zoom back, you can see there is one weekly and one daily trendlines who fit perfectly on our entry point, and an weekly support and a nice supply&demand zone. We have an oversold stoch too in H4! Their is a meeting of the RBNZ (Central bank of New Zeland) tommorow (9 august) so be carfull, but the news are not supossed to be bearish for the NZD. My entry point is very late but with the news I expect some valatility so i'm pretty sure my entry point will be triggerd.
To more crazy ideas like that go check out my profile for more!
I will keep you update on this trade!
Enjoy :)
EP: 0.7082
SL1: 0.7059 (24pips)
SL2: 0.7038 (45pips)
TP1: 0.7130 (SL BREAKEVEN)
TP2: 0.7182
TP3: 0.7248
To more crazy ideas like that go check out my profile for more!
I will keep you update on this trade!
Enjoy :)
EP: 0.7082
SL1: 0.7059 (24pips)
SL2: 0.7038 (45pips)
TP1: 0.7130 (SL BREAKEVEN)
TP2: 0.7182
TP3: 0.7248
Trade closed: stop reached
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