NZDCHF Intrachannel Support Short

New Zealand Dollar/Swiss FrancFXCM

Description

⋅ May 2, 2016 5:05 PM

NZDCHF is displaying some rejection of my fib resistance as it climbs up its intrachannel support (lime green line).

I'm watching for a break of this support to short the pair down to just above the channel support.

R:R of trade shown: 3.45

Comments

walker.england

⋅ May 2, 2016 5:52 PM

Congratulations! Your chart has been selected to be highlighted as the post of the day! This is a great example of support and resistance analysis.

FX_Goldy

⋅ May 3, 2016 12:48 PM

Great look & Great Call

lemezohaib

⋅ May 3, 2016 9:40 AM

redcapmgmt

⋅ May 3, 2016 12:16 AM

Hi. Could you please explain where the plots are for the fib structure? Is that retracement or extension? Thank you very much! Great charts!

Jahid

⋅ May 2, 2016 5:07 PM

Already Post !

QuileHills

⋅ May 2, 2016 5:10 PM

You can see this is different though. That trade was never triggered and a new architecture has developed.

Jahid

⋅ May 2, 2016 5:11 PM

Thank's for update sir ,

QuileHills

⋅ May 2, 2016 5:10 PM

But I should have linked the old idea.