Analysis done on the daily TF. Clear channel identified here, i'm hoping to hold some trades from the bottom of it to the top into the middle pink zone. I did attempt to long NC earlier this week, but it wasn't quite ready for it. I attempted to long it today but i got stopped out due to CHF strength. However, now we've reached the bottom of the channel and a S&D zone, so i'll be giving NC a final chance this week. I'm also shorting CHFJPY so both trades should run nicely if CHF sees a correction. I'll be looking for confirmation to enter, updates to follow.
Trade active
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I entered one position at 0.64246 and i'll be waiting for price to either come back down, or for it to go up and i'll enter another position when it retraces. I don't know yet, we'll have to see, but bulls have been very much present in the past hour.
Great analysis 👌! I've also been entering and getting stopped out since last week but now I'm convinced the pair should rally Guess we'll all have to wait and see
darbova
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@Mish187, Thanks! Hopefully we'll both make some good profits out of it now :)
Guess we'll all have to wait and see