IvanLabrie
Long

NZDCHF: Interesting imbalance

FX:NZDCHF   New Zealand Dollar/Swiss Franc
I suspect it's time for the NZD to catch up with the GBP vs the Swiss Franc as you can see in this chart.
The trade offers a great risk/reward ratio if it works.
I'm entering a long position now, and looking to scale in if possible, using the 4h chart as a guide.
The rate decision will bring intense volatility, and might fuel a strong rally.
Cheers,
Ivan.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
3l337
2 years ago
Yep, already long @0.6633
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IvanLabrie PRO 3l337
2 years ago
Excellent entry!

Do you have a chart?

We have a potentially very nice rally coming up.
I waited for this daily signal to trigger to enter, but the 4h chart was already flashing buys earlier.

Potential is at the very least a retest of the next downtrend mode, 150 pips up, but I think it might breach that resistance and head for the next one where the take profit sits.

I'll look into scaling in or closing partially along the way and update here.
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Hi IvanLabrie, on this one too took the trade upon the breakout. Still has lot more potential for the upside. Lets see
snapshot
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IvanLabrie PRO KevinSinghDhaliwal
2 years ago
Yes, a nice breakout trade. Has excellent potential. Where's your stop? under the low?
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KevinSinghDhaliwal IvanLabrie
2 years ago
Yes just around there
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IvanLabrie PRO
2 years ago
Closed the long at break even for now, waiting for the rates decision outcome.
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SteveTobin PRO
2 years ago
Without a clear technical reason to trade I would stand aside here. The CHF has been the victim of an unpredictable central bank and the NZD has a rate decision due. Seems risky to enter
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IvanLabrie PRO SteveTobin
2 years ago
The setup was a technical one, but it would have gotten stopped. I got out before any harm was done, and posted this above.
It's interesting if you analyze nzdusd though, a bottom might be near, or here already.
Posted my analysis on it.
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No_more_Post
2 years ago
SL touched
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IvanLabrie PRO No_more_Post
2 years ago
I got out before that...Waiting now.

I think gold's about to rally, and NZDUSD about to bottom. This pair will follow suit.
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