Nzdchftrade
Powerful buy signalBuying at market price 0.65437 with
# SL below the pin bar @ 0.65108 and
# TP at previous swing high @ 0.66148
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Bearish engulfing at resistance# Resistance level reached
# Bearish engulfing completed
# Trading back down to support
Shorted @ market price 0.65750
# SL above bearish engulfing @ 0.66105
# TP lower @ previous lows 0.65308
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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
NZDCHF NZDCHF view as on D1
The triangle pattern marked is indicated by the MT4 indicator Markup Buddy. This indicator is excellent in drawing key support and resistance levels where chart patterns then come forward.
# For more information on Markup buddy please read here www.profitfxza.com
See my analysis below while using this tool:
# Price has printed a buy signal on H4 off the support trend line
# Higher lows and equal highs are formed indicative that the bulls are in control over the bears
I have bought at market price @ 0.67610 with
# SL below the support trend line @ 0.67001 and
# TP higher up at 0.68963 just below resistance
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
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NZDCHF Trade IdeaPrice has printed a buy signal on the trend line (doji)
Note the ascending triangle pattern, so this setup offers a great risk to reward ratio!
Entering at market price 0.68417 with
SL below the low at 0.68154 and
TP as per the triangle pattern target IF it breaks higher at 0.70768
Don't bet the farm, always exercise good risk management!
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NZDCHF H4 - Ascending triangle pattern spottedCheck out the ascending triangle pattern and more interestingly the bullish inside bar pattern.
IF the current candle closes bullish above the inside bar pattern it is a price action buy signal.
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