Just like the other NZDXXX pairs.
2 3% wins and 1 1% loss.
Follow the chart the signals and trades automatically appear on your chart, be the right side of the market moves.
Less analysis (not needed) Less emotion, trade what you see.
So I called this trade out a few hours ago when price broke that major support area with that bullish candle ( one with the arrow). I said wait for a retest, but we didn’t get one, price just went straight down again. But the overall trend is up so we keep waiting till we get that confirmation, our perfect entry would be the area circled.
I did say be patient,...
I decided to give a more longer term view. We could see the New Zealand Dollar appreciate in the near future. I don't know when we will start to see bullish momentum. We could see price come back to form a double bottom structure.
Unlucky with the SL on our 2.5 ATR setting as shown, look for a retest and rejection from the ema for a possible re entry.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so...
Looking for a third touch of the corrective structure. This will also catch buyers out on the wrong side of the market before a big push to the downside
NZDCHF Crossing 0.59560 - This is where my alert is set for
What we have here is a very good example of a channel. Previously, price has moved up and down within this range with no hesitation but now price is in a small consolidation after the move up. Could this signify something significant is about to happen? There is no doubt about that, and price could indeed break this structure to the upside. For now we leave this...