informedtrades
Short

Reward/Risk Ratio of 5.5:1 on NZDCHF

FX:NZDCHF   New Zealand Dollar/Swiss Franc
36 0 0
The challenge might be getting filled on this one, and what I'm wondering is whether price will come back to fill the order -- or whether a more aggressive order entry be warranted. Of course, I prefer to let price come to me, and so I'm sticking with 7520 as my entry point, as it is a resistance level that is also close to a 61.8% Fibonacci retracement level from recent swing high to swing lows. I've set my stop under the belief that today's high is a bullish checkmate that will not be breached, and so my stop is at 7540 and my take profit is at 7410.

Learn more about trading: http://www.informedtrades.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out