Nzdchf-short
NZD/CHF - EXPANDING TRIANGLE IN PLAYExpecting the pair to push down all the way and retest the 0.6800 psychological level which also coincides with the 78.6% retracement of the previous impulse (see updates section)
It's giving a nice triangle correction, and triangle corrections tend to precede the final actionary wave so this would make perfect sense as we're setting up for wave no.5 even though i'm not a huge fan of counting.
My personal details:
Short @ Entry: at market, SL: 0.6845, TP: 0.6795
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
NZDCHF looks like short, Lets wait and see!!!NZDCHF looks like short. If it breaks trendline, wait for flag for confirmation then sell. Lets wait and see!!!
NZDCHF short for month of NovemberNZDCHF broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bear candle gives me enough reason to believe a down trend is about to begin.
My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0.
Each order contains a 30 pip stop loss and no take profit target.
These trades are designed to have 3 different exit strategies: 1) Stop out. 2) Manual closure. 3) End of month manual closure.
* End of month manual closure means that the month is over and trade parameters are no longer valid, therefore I will close the trades manually.
NZDCHF watch out for a shortCurrently in a corrective structure, just waiting for the next impulse to the downside.
NZDCHF SellLooking at the NZDCHF, it appears the pair have now completed a A.B.C Pattern, and is now ready to head lower.
NZDCHF Short - Gartley PatternShorting this pair to the recent lows.
Might move my stop loss to the 1.272 extension of the XA leg.
NZDCHF Reversal Trade IdeaWaiting for the price action to break this trend line and continue to the downside.
We have a sell pending order placed at 0.68730
NZD/CHF A BEARISH WAVE IS ABOUT TO LAUNCH!OANDA:NZDCHF
I have been watching this pairs closely today. They have reached an important price from which it can breakout UP or DOWN. I am kind of into a bearish movement which will be executed over different stages as illustrated on the chart. If it broke above the current resistance then it will try to hit 0.70700 and from here a different scenario might be adopted.
NZDCHF short ideaprice broke through daily key level
currently forming a small flag pattern
this can also be a retracement move back to the daily at 0.72400
on both ideas i think price will fall down to the monthly support where it will either bounce or break
monthly level (0.71700) can reject price and keep it in the same range
Bearish Bat on NZDCHFBeen a long time since my last idea update, wish I had more time to post, but here it is! I caught this one a bit late short from .7093
Target is at .382 retracement of CD leg
Stop above 113.00 Ext. of AB
NZDCHF - REVERSAL PATTERN (CONFIRMED)Pretty simple trade o see every NZD finally going down but i chose to go ahead with NZDCHF because the reversal seems the most beautiful one! Now I will be holding long term till that 0.70 area =)
