Previously analyzed the Euro/Kiwi, using Price Action we were looking to go Long (Refer to my previous analysis on EURNZD) We have a 95% Negative Correlation to EURNZD therefore we see price express itself like 2 Positive Magnets. Price is moving in an extreme downtrend which isn't hard to analyze with naked forex. I'd be highly interested in finding a high...
NZDCHF is approaching its resistance at 0.63148 where it is could reverse down to its support at 0.62119.
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3 On Mt4
Hitting Trend Line
Inverted Head and Shoulder
Forming Morning Star
3 On 4hr, Daily, Weekly, 2 On Monthly *
Long Term Down Trend
Daily, Weekly, Monthly Divergence *
The only way it will hit SL if it breaks two trend lines, and a major support. Stop Loss could be set to .62350, I have it at 1 to 1 for a much higher chance of winning.