NzdChf seems to be recovering from weekly lows, I am going long here
I am using DiNapoli indicators on my charts for the first time - so bear with me ..
DiNapoli indicator predictor (gold_line) pointing up - price should follow this movement
Price has moved above DiNapoli 3x3 (red line) and 25x5 (light green line) indicators
I am long before the expected break of downward trend (purple line)
It may be better to go long after break of previous highs - but I see too much bullish signs (it is up to you)
The orange trend line mark the channel up I am following and expecting to lead to new highs
Fundamentally, SNB is appearing in the news more often again, urging for a lower Chf - this helps
Minors like Cad, Aud, and Nzd are growing stronger while Usd is weak
Since this is a long term trade for me - I have no SL - I am targeting 0.69, but price may rise much higher
The Fibonacci expansion level 61.8% of last move is around 0.70 - my TP below there
Natural SL would be below/invalidation of this last move - around 0.635, I will see how it plays out
Trade on my live account: db.tt/q1Nm3WtV
I am using DiNapoli indicators on my charts for the first time - so bear with me ..
DiNapoli indicator predictor (gold_line) pointing up - price should follow this movement
Price has moved above DiNapoli 3x3 (red line) and 25x5 (light green line) indicators
I am long before the expected break of downward trend (purple line)
It may be better to go long after break of previous highs - but I see too much bullish signs (it is up to you)
The orange trend line mark the channel up I am following and expecting to lead to new highs
Fundamentally, SNB is appearing in the news more often again, urging for a lower Chf - this helps
Minors like Cad, Aud, and Nzd are growing stronger while Usd is weak
Since this is a long term trade for me - I have no SL - I am targeting 0.69, but price may rise much higher
The Fibonacci expansion level 61.8% of last move is around 0.70 - my TP below there
Natural SL would be below/invalidation of this last move - around 0.635, I will see how it plays out
Trade on my live account: db.tt/q1Nm3WtV
