NZD/CHF has a history of violent reactions in the .58120 area
4 times price has challenged this area, and 4 times the price reacted as violently in the opposite directions. I think its a great long term buying opportunity
my entry .59486
SL: .57423
TP: .69065
Looks like the EURUSD is bouncing off the trendline that stretching all the way back to the end of last year.
EN: 1.10108
SL: 1.09777
TP: 1.10853 at first. will constantly monitor this trade
Price action has again touched the trendline from the end of last year
there has been 5 touches to this line this year each time price has turn around.
Entry: .69089
TP: .67460
SL: .69593
the TP may be a aggressive so i will monitor how the trade is progressing, may close out sooner if i see some bull fight as price gets close to the previous lows.
with the CAD weakening all around and the CHF being the safe haven that it is i don't see a reason why this pattern would change going short.
Open .76107
SL .76357
TP .74525
I think that if we can get a break below 1.32853 then I will look to hold this trade until 1.3100ish. alone with the usoil gaining this could be a hold for a few days
I believe that with the price failing multiple times at the .73558 area combined with the failed triangle only give credit to a USD gain on the NZD. looking for a bounce off the major trend line marked in red for a entry .72714 with a stop at .7293 and a target at .72000 since thats the next area of intrest.
right now its a waiting game on weather the Cd leg will form or if there will be break higher if the CD leg does complete ill be looking for a buy position as it could be a sign of a reversal.
This looks like a possible time to re-enter short within the channel with the formation of the triple peaks. A sell limit order below the neck line looks like a good short term idea.
