Daily Reversal Buy Trade on NZDCHF
Almost same idea on my previous analysis of NZDUSD.
Confluences:
2 daily candles reversal confirmation to the upside.
Multiple rejections on the downside with weekly trend line support and monthly S3 barrier on SL.
Trendline break on the 4 hour timeframe.
Higher risk:reward ratio in case we are wrong, losses are lower than profit.
BUY ENTRY: 0.6615
TP1: 0.6665
TP2: 0.6715
TP3: 0.6775
SL: 0.6505
Confluences:
2 daily candles reversal confirmation to the upside.
Multiple rejections on the downside with weekly trend line support and monthly S3 barrier on SL.
Trendline break on the 4 hour timeframe.
Higher risk:reward ratio in case we are wrong, losses are lower than profit.
BUY ENTRY: 0.6615
TP1: 0.6665
TP2: 0.6715
TP3: 0.6775
SL: 0.6505
Trade active
Buy Entry now triggered! Trade now active..
Let's go get that pips...
Note
Trade closed: stop reached
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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.