NZDCHF, daily tf, inside bar pattern continuation
Hello my friends,
Another setup for next week is NZDCHF pairs.
As you can see there is an inside bar pattern on this pair right now.
I think we could pretty much see price continue to go up because NZD is bullish.
It is supported by the EMA which is below the price so we will only look to buy this pair.
We could also use an assumption that this upwards movement might respect elliott waves rules and marked the first 2 swing as Wave-1 and Wave-2.
Right now we're on Wave-3 and i think it could go until 0.6380 area whic is where we put our take profit.
Buy limit NZDCHF 0.6285
Stop loss 0.6250
Take profit 0.6380 (2.7R)
RR Ratio 1 : 2.7
Use only 1-2% risk
Good luck
Check my NZDJPY trading plan as well on the link provided below.
Give it a like and follow me for my next update.
Another setup for next week is NZDCHF pairs.
As you can see there is an inside bar pattern on this pair right now.
I think we could pretty much see price continue to go up because NZD is bullish.
It is supported by the EMA which is below the price so we will only look to buy this pair.
We could also use an assumption that this upwards movement might respect elliott waves rules and marked the first 2 swing as Wave-1 and Wave-2.
Right now we're on Wave-3 and i think it could go until 0.6380 area whic is where we put our take profit.
Buy limit NZDCHF 0.6285
Stop loss 0.6250
Take profit 0.6380 (2.7R)
RR Ratio 1 : 2.7
Use only 1-2% risk
Good luck
Check my NZDJPY trading plan as well on the link provided below.
Give it a like and follow me for my next update.
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