Get started
justinholtgrave

NZDCHF - IN TREND ENGULFING LONG SETUP (D)

Long
New Zealand Dollar / Swiss Franc (FOREXCOM:NZDCHF)  
justinholtgrave  
FOREXCOM:NZDCHF   New Zealand Dollar / Swiss Franc
Supply and Demand Candlestick Analysis Trend Lines NZD chf NZDCHF NZDJPY Engulfing Candle Bollinger Bands (BB) bands uptrend support
0
0
supplyanddemand candlestick trendline nzd chf nzdchf nzdjpy engulfingcandle bollingerbands bands uptrend support
Confluences:

Bullish engulfing
Lower bollinger band outbreak
Rejected strong support/demand zone
Long term uptrend
Close above 20 EMA

TP set at the candle body high of the previous highs.
SL set below engulfing candle low (safe) or below 4H engulfing candle low (riskier).

A close above the resistance trend line will confirm further increase in price.

Will be looking to re-enter this setup if price pulls back strongly then forms a strong bullish engulfing on the 15m, 30m or 1H time frames.

Related Ideas

justinholtgrave
CADJPY - IN TREND ENGULFING LONG SETUP (D)
justinholtgrave
EURAUD - IN TREND ENGULFING SHORT SETUP 4H
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.