NZDCHF in long trend channel
NZDCHF has been respecting the top and bottom of the channel since July of 2016. Although my entry on this was near the most recent confirmation candle close (yellow arrow), I'm considering holding for several months. NZDCHF has a good swap rate, and looks to have a good short-term exit in the .73100 area. my entry was at .71485, and I placed SL at .70531, just below the bottom trend line. TP is near the the top trend line at .73100. I may widen the SL to .68465 (just under the July 2016 swing low) and TP to .79000 (historic high area) if I decide to hang onto this one past March 1st. I am considering exiting at the top of the trend line here if we reach it in mid-February, but depending on the economic outlook at that time I might hold with an eye toward September or December 2017.
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.