Target3
NZDUSD: LONG ENTRYLONG entry signal on 09.17 @0.659. My actual entry was late, but Targets are shown on the chart.
Happy trading.
USDCHF: UpdateI've hit my first three targets after calling the short on USDCHF a month ago on August 21st. I had mentioned that getting to Target Three was going to be more difficult than targets One and Two. Nevertheless, the current Bear on this pair is firmly in place and there is still room on the downside as global markets are displaying a more risky appetite.
I'll be playing this one all the way to the bottom. Don't know exactly where that's at, but I've put in at least three more potential targets (Orange dotted line).
USDCHF: SHORT UPDATEI have been shorting and posting about the bearish trend on the DollarSwiss since I first got a trade signal on 07.25. I took my fist short almost a month later on 08.21 , which you can see here hit the first target. Another lot hit the second target which you can view here . After hitting the second target I mentioned that getting to my third target would take a little more time . It turned out I was correct as the pair entered a range after finding initial support on 08.31. We're still in that range and target three is still some ways away @0.95855, approximately 320 pips from 07.25 trade signal.
Price action will need to close below the bottom of the range boundary @0.96450. If this takes place there is no significant support until we reach the top of the next Demand zone, which is also located at the 200% fib extension from the 07.13 high.
NZDUSD: The Great OpportunityI see a great opportunity to go short on FX:NZDUSD . We have a very nice triangle pattern with very interesting key confluences:
1. Price has tested the triangle resistance once more
2. Fibs 78.6-88.6 (little one)
3. Fibs 61.8 (big one)
4. Nice shooting star candle.
Our targets are:
1. Next triangle support level
2. Nearest structure support 0.6290
3. Fibs extension 1.272, which will be the completion of potential gartley pattern, and there we will have an opportunity to go long
Keep an eye on this pair!
Avto_T
Green Luck
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