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NZDCHF

NZDCHF Long Resault: 170 pips Profit✅Considering the pullback and the reaction to the middle range of the descending channel , I expect the growth to the top of the channel if the pullback is confirmed Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
by Hamiratrading
NZDCHFConsidering the pullback and the reaction to the middle range of the descending channel, I expect the growth to the top of the channel if the pullback is confirmed Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
Long
by Hamiratrading
NZDCHF Setting Up For Another Sell-OffOn the daily timeframe NZDCHF has been decreasing. We can see a clear lower low and lower high. I'm interested in this setup because. I just lost a 4 hour trade which means price is retracing. If price continues to retrace and can stay below 0.58632, I'll be looking for a sell. What can invalidate this trade? 1. If price does not come back to my estimation zone I will not be triggered into the trade which means price is still moving down. 2. If I am triggered into the trade and price passes 0.58632, I'll be stopped out of the HTF trade. This means price can potentially go higher and I must readjust. Am I ok with the invalidations? Yes. they are what keep protect me from overtrading and tell me how I should adapt. How am I managing the trade? This setup is a 2.24 risk to reward setup. This means whatever my position size is I will gain double and more on the trade. I don't risk more than 1% on an trade. So if I were to risk 1% my reward will be 2.24%. I risked 0.50% my reward will be 1.12% Whatever I risk is my loss and I am ok with what that is. My goal is to lose what I risk or lose no money at all by setting break even points if price moves in profit. I do believe it's important to set all parameters before entering trades. My belief: I deserve to sleep peaceful at night while my trades run. Well, this is my analysis after losing my first trade. I'm excited to keep this journey going. Safe trading. Be blessed. Shaquan
Short
by ShaquanLopez
1