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.
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.