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Koonzy
Sep 8, 2018 4:05 AM

NZDCHF long off Schiff Pitchfork support and AB=CD completion.  Long

New Zealand Dollar/Swiss FrancFXCM

Description

Possible bounce off Schiff Pitchfork channel. On the 4 hour there is an AB=CD completion. If you zoom into the five minute there is a 1-2-2-2 bullish harmonic pattern completion. Pair is at the bottom of a Schiff Pitchfork support and oversold on the oscillators.

Look for a retrace to the midpoint (price target 1) or top of the channel (price target 2).

Trade active

So Far So Good. Might want to move stop up to .6340 to eliminate risk.

Comment

This one is a winner and done for now.
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