NZDCHF Long
Updated
Analysis done on the daily TF. Clear channel identified here, i'm hoping to hold some trades from the bottom of it to the top into the middle pink zone. I did attempt to long NC earlier this week, but it wasn't quite ready for it. I attempted to long it today but i got stopped out due to CHF strength. However, now we've reached the bottom of the channel and a S&D zone, so i'll be giving NC a final chance this week.
I'm also shorting CHFJPY so both trades should run nicely if CHF sees a correction.
I'll be looking for confirmation to enter, updates to follow.
I'm also shorting CHFJPY so both trades should run nicely if CHF sees a correction.
I'll be looking for confirmation to enter, updates to follow.
Trade active
I entered one position at 0.64246 and i'll be waiting for price to either come back down, or for it to go up and i'll enter another position when it retraces. I don't know yet, we'll have to see, but bulls have been very much present in the past hour.Disclaimer
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