NZDCHF - put on radar [demo trading account]
This pair broke over long term structure with nice candles (see the first and the second images bellow). So, what now? :)
On 4H image bellow we can see short term green support area for this structure and if we switch to 1H, we can chart completed bearish Bat pattern, from which the price is right now deciding what to do. It broke 0.382 CD level and almost touched 0.618. If it won't be able to pass over the Bat's D point, it has potential to break bellow 0.618, then Bat's C and A point. If this will happen and if also potential Crab's X point level will get broken, then Crab will finally be worth to be called potential (so many words and so many IFs ... hope it is clear what I'm trying to say :)
In short, I'll be watching this one :)
Daily, condensed:
Daily, nice breakout over the structure:
4H with current structure support (green):
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
On 4H image bellow we can see short term green support area for this structure and if we switch to 1H, we can chart completed bearish Bat pattern, from which the price is right now deciding what to do. It broke 0.382 CD level and almost touched 0.618. If it won't be able to pass over the Bat's D point, it has potential to break bellow 0.618, then Bat's C and A point. If this will happen and if also potential Crab's X point level will get broken, then Crab will finally be worth to be called potential (so many words and so many IFs ... hope it is clear what I'm trying to say :)
In short, I'll be watching this one :)
Daily, condensed:
Daily, nice breakout over the structure:
4H with current structure support (green):
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Comment:
Green support area touched, let's see how it will roll out today.
Order cancelled:
This one was lost in space ...