I've hit my first three targets after calling the short on USDCHF a month ago on August 21st. I had mentioned that getting to Target Three was going to be more difficult than targets One and Two. Nevertheless, the current Bear on this pair is firmly in place and there is still room on the downside as global markets are displaying a more risky appetite.
I have been shorting and posting about the bearish trend on the DollarSwiss since I first got a trade signal on 07.25. I took my fist short almost a month later on 08.21, which you can see here hit the first target. Another lot hit the second target which you can view here. After hitting the second target I mentioned that getting to my third target would take a...
I see a great opportunity to go short on FX:NZDUSD. We have a very nice triangle pattern with very interesting key confluences:
1. Price has tested the triangle resistance once more
2. Fibs 78.6-88.6 (little one)
3. Fibs 61.8 (big one)
4. Nice shooting star candle.
Our targets are:
1. Next triangle support level
2. Nearest structure support 0.6290