Long

NZDCHF DAILY SWING BUY

Updated

Directional bias on daily and weekly time frame

Monthly time frame has broken out above monthly down trend line

NZD is a strength story - CHF is a weakness story

Note

NZD strength has been effected by the measure implemented by the NZ government to curb house prices.

Swiss franc has been really strong too - this pair has flipped it's strength and weakness story.

Had to opportunity to get out at $10 profit but I decided to stay in the trade to see where it would go and now I regret that. Once the set up is over I need to get out, hanging on is what destroys me

Trade closed manually

didn't take opportunity to get out when I saw the trade was no longer valid

closed trade 0.6492 -30.82 LOSS

Note

It has gone back to my entry and is now in a profit.

Better management - getting out earlier or if I decide to stay in I need to be prepared to buy the correction or wait it out.

The weekly and the Monthly are in uptrends, which supports the idea of buying on the OS correction

Trader2502

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