CZKUSD trade ideas
HUGE BULLISH FLAGThat seems to me like a very nice BreakOut-Szenario for 2017. TP of the flag would be the "2?"
1-2-3 pattern:
USD/CZK D1 SELLPRICE TESTING THE 24.60 RESISTANCE ZONE WHICH HAS SEEN A NICE SELL OFF IN THE PAST IF WE GET THE RIGHT TYPE OF BEARISH PRICE ACTION LOOK TO SELL INTO THE 23.00 ZONE
STOCH BEGINING TO SHOW DIVERGENCE
SL 24.90
TP 1ST TARGET 24.25
TP 2ND TARGET 23.80
USD/CZK Likely to correct lower on T.L breakout Looking to go short on T.L support breakout , The pair will likely fall and retest the levels of support(previously resistance) of the structure it broke out of .We could also see the pair decline after it touches the T.L resistance from March of last year.
USDCZK SETUPSHi traders
I hope you are enjoying life
I have been waiting to take pozitions on this chart
SELL SELL SELL - LOW RISK TRADESHORT TRADE :
Entry : SELL @ 24.100
Target : 23.820
Stop : 24.300
Risk Level : LOW
RR ratio : 1:2
SELL SELL SELL - VERY GOOD TRADE SHORT TRADE :
Entry : SELL @ 24.560
Target : 24.000
Stop : 24.775
Risk Level : LOW
RR ratio : 1:3
BUY BUY BUY - TIME TO ENTER LONG IN USDCZKLONG TRADE :
Entry : BUY @ 24.6655
Target : 25.0000
Stop : 24.4250
Risk Level : MEDIUM
RR ratio : 1:2
Multiple Dollar pairs suggest downThis is an interesting portfolio.
Will these pairs follow USDCNH's lead?
Is this the beginning of a new fundamentally backed intermediate term trend?
Or just a very nice short term short?
Setups on chart, we will cover these in our skype group's discussions.
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Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
