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darbova
Jun 9, 2021 9:41 PM

NZDCHF Long Long

NZD/CHFOANDA

Description

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

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.
Comments
Mish187
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
@Mish187, Thanks! Hopefully we'll both make some good profits out of it now :)
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