MONEYMAKER00

NZDCHF: BUY the dips - High probability trade idea

Long
FX:NZDCHF   New Zealand Dollar/Swiss Franc
As you can see NZDCHF is at a very critical area which is support now, after the breakout of the ascending channel .

RISK MANAGEMENT:

At 1:1 take parochial profits (1/3)

At 1:2 take another 1/3 parochial.

If the target breaks the previous high,
extend your take profit target.

If the market struggles at 1:2 close the trade.

Comment: 1:1 HIT ---> TAKE 50% PAROCHIAL PROFITS AND MOVE TO BREAK EVEN
Comment: TP2 HIT ---> Close your trade OR extend your target ! ! !
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