Possible Long Setup on NZDCHF
PAIR IN FOCUS: NZDCHF
ACTION: LONG
The overall idea is a counter-trend trade - looking to enter a long position and TP at the trend line which has been broken previously.
Price has broken up of a falling wedge, but still in part of a retracement of a larger bearish wave. Price has tested the 38.2 Fibonacci retracement level and slightly rejected it. The Entry Zone would see a price retrace that will provide a better R:R for this trade.
The Entry Zone, TP Zone and Stop Loss have been indicated on the charting.
ACTION: LONG
The overall idea is a counter-trend trade - looking to enter a long position and TP at the trend line which has been broken previously.
Price has broken up of a falling wedge, but still in part of a retracement of a larger bearish wave. Price has tested the 38.2 Fibonacci retracement level and slightly rejected it. The Entry Zone would see a price retrace that will provide a better R:R for this trade.
The Entry Zone, TP Zone and Stop Loss have been indicated on the charting.
Nota
Price barely at the entry zone. Observe further price action for entriesTrade fechado: stop atingido
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.