QuileHills
Short

NZDCHF 4H Divergence + Channel Resistance

FX:NZDCHF   New Zealand Dollar/Swiss Franc
336 5 14
This pair has been rejected by this channel resistance (blue line) 3 times since December 2015.

I'll be watching for that to happen again and entering a short upon a breach of my short term trend support (lime green line) along with a breach of my 50% fib similar to the tentative position shown with a stop loss just above the channel resistance and a TP at the channel support (red line)
Trade active
On the daily time frame. Couple of indecision candles at that blue line. Thanks
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It broke the line, shorting it?
+1 Reply
QuileHills lprfernandes
Yup
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I hope you sir can write what's the deal type Is it a sale or purchase , I hope you forgive me for not too much because I Fahmi new in this
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Interesting use the Fib over such a long timeframe. I also like the idea of using the short term trendline as an indicator for entry.

I like your style and will be following your ideas closely... keep them coming!
+1 Reply
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