mattycheung
Short

NZDCHF 1:3 Risk Reward SHORT

FX:NZDCHF   New Zealand Dollar/Swiss Franc
NZDCHF SHORT
Wait for certain conditions before a possible entry:
- Congestion
- Short Candle formations
- Fundamentals to continue being in favor for a short

CHF
- Major holder of gold
- Uncertain economic situation causes investors to buy gold through brexit, trade war and EU debt crisis
- This appreciates the CHF

NZD
- "NZ trade deficit hits $791m in Jan - double expected figure"
- "Higher living standards, slower economy: Expert's take on CGT"
- "Economy Hub: Business gloom getting worse - new EMA chief"

Message me to see how i get the fundamental scores!

NZDUSD typo my bad! Meant to put NZDCHF
Trade active: Trades working out quite nice now with momentum and fundamentals, looking optimistic
Comment: Fundamentals increasing weakness in NZD more to come in this move!
Comment: Trade met 1:1 Risk Reward, expecting a further drop.
Comment: RBNZ statement dovish, likely long term weakness now for NZD with the unexpected outcome
What do you guys think?
Reply
BengalLol mattycheung
@mattycheung, i'm also in this trade but my stop is tighter
+1 Reply
mattycheung BengalLol
@BengalLol, that's awesome, i'm still waiting for conditions to meet before considering the pair. However thought i'd post my analysis beforehand.
Reply
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