NZD/CHF: Long on a possible re-test of broken trendline

FX:NZDCHF   New Zealand Dollar/Swiss Franc
60 0 4
A possible re-test of the broken trendline might give us a good entry level for a longterm long position.
Especially since we might have confluence of the trendline with a possible S/R zone.

PA is now testing the 200MA which might trigger the re-test possibility. MACD is not conclusive on direction, some histogram divergence might be developing and we are in early stages of overbought condition.

In all truth this is not a high probablility scenario based on oscillator signs, PA might just take off from here!

I'm basing 2 trades on this setup with details as in the chart.
Wide enough SL to give PA some room, below another possible minor S/R zone.
Primary target is a possible upper S/R zone with a partial TP just below the 0.7000 round level.

It's possible to use a much tighter SL on this one, but I like it a bit wider. Not everything is better when it's tight... ;-)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out