jolicoeur342
Short

NZDCHF - SHORT SETUP

FX:NZDCHF   New Zealand Dollar/Swiss Franc
517 10 25
NZDCHF             is in the SELL AREA, so clearly I'm shorting right now, my SL is above the SELL AREA and my TP will be BETWEEN the OVERBOUGHT and OVERSOLD ZONE!
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Comment:
snapshot
Good job! Keep going!
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Thanks for sharing.
I agree on going short soon here, but because the corection is so deep, it might end up as a d-leg, going for one more (e) and then go south. The first part of this correction looks more like 3-wave structure, meaning it can not be a zigzag. So yeah, endin diagonal is my opinion, or more complex correction...

snapshot
+1 Reply
jolicoeur342 sketchmaster
it shouldnt do any higher high otherwise the charts is invalid so your chart cannot be possible in this scenario. If you look at the monthly chart it is suppose to be a huge reversal happenning now!
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sketchmaster PRO jolicoeur342
Excuse my ignorance, but what is the invalidation after HH (on monthly chart) based on?

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merci mais c'était mon idee :_))))
+1 Reply
hahahaha je sais pas c'est extrement rare je regarde les idees des autres :P Mais c'est bon signe =)
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Agreed! This pair (like other NZD crosses) is reaching some critical levels. Watch carefully the .7200 zone for a probable reversal.
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nikolasbertolini nikolasbertolini
I entered short @0.7170, SL=.7250, TP=0.7000.
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Merci pour vos idées mon joli coeur <3
+1 Reply
Fait plaisir !
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