FX:NZDCHF Safe trades; open.spotify.com
The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent. particularly in China. Combined with increases in the labour supply from strong net immigration, posting a financial stability risk. CPI inflation is below the 1 to 3 percent target range,
Very overbought and at the top of a descending trend channel High correlation with NZDUSD, but more volatile.
NZDCHF is spiking and I am going to sell on the next Supply Level expecting the exhaustion of the bullish momentum. The last Demand Level visible on chart pushed up the price strongly, taking out the lower supply. Another thing that I take in consideration is also that the supply is around the top edge of the bearish channel. I invite you to my next Webinar to...
Most of the trade is already described on the chart. There are few strategies you can apply. The strategy that I will apply is entering on the pullback once the Daily Up Trend have been broken to the down side. I will keep adding/stacking positions on the pullbacks all through out the new down trend until the target is reached. This is a great opportunity to...
Entry between 0.645 - 0.642 SL - 0.63750 TP - 0.663
The kiwi had a solid move against the dollar on Friday, gaining 1.14 percent. The move came as commodities rebounded, thus pushing up their respected commodity FX. This was a response to the weaker dollar, but commodities saw their sixth week of capital inflows as traders deem a more risk-on approach in the medium-term. The move into commodities has been the...
This time, I am not showing you a trading plan. But I want instead ask a question to all of you that are following my profile. By Arrows I marked on charts some supply levels for potential sell trades. - Where would you risk SELL TRADES in this Trading Scenario and with which Risk Margin? Thank You girolamoaloe.com
We have a Double Top Divergence completed. Aggressive traders can potentially short the market here and aim for price to retrace back to the previous structure, where we have another potential Buy setup.
We have a completed 2618 setup. We are now anticipating price to retrace back towards the 0.6450 region and perhaps even lower to complete the Bullish Bat pattern. We will then look for a long opportunity with the overall up trend. This week, we focus on how to deal with scenarios where we have more than one potential setups on a same currency pair....
An opportunity has presented itself on the NZDCHF key level up fib retracement trade set up. Details on Chart and much much more on how to go about this trade in the coming days. My strategy of trading is keeping it on price action only. And being as simple as possile to ensure you understand what is happening and how it is happening. If you like, follow me...
Hello traders, have a potential trade on this pair with huge r;r, extremly tight sl have our price retracing off the trendline which also appears to be a good structure level . Also the completion of ab=d will lie on the structure level above cheers
As you can see short term momentum is up but we are hitting a strong long term resistance line which should send this pair back down. Since we are against the momentum, I always like to put on a trailing stop near the halfway to TP. This locks in the gains and sets us up for the momentum shift once it runs out of steam.
Price action looks like it hit a top so a short off these highs will be playing the pattern. This is against the overall momentum so I do not expect to hold this trade for too long. If it runs higher I will let myself stop out and short from the top of the range (or wait for a breakout).