So it is hard for me to show you all the process here of why this zone is important to me. On the daily I can see that this pair is clearly bullish and SHOULD see us push towards the 0.67304 area which is well over 200+ pips away. On a Major pair like GU or EU you could see that move made in a day but with NZDCHF it is a slow moving pair so it could either become an investment trade where you sit on your hands for a few days and let it run OR you can look to take a position with a small stop loss with a high reward.
I PERSONALLY will be aiming to do the latter which is get In with a very tight stop loss and hold for around a 48 pip target. Doesn't sound like much but let me put it to you this way. Say you have a £20,000 account using 1% risk I'll be using 3.90 lot size with a risk of £200.00 if the trade goes against me. If it goes in my favour... should see around £1400 reward. Not bad right.
So what am I looking for? Again, it is hard to show you as I will be scaling into the hourly chart but when/if I start to see price reversal from this zone then I will be looking to enter the trade.
I PERSONALLY will be aiming to do the latter which is get In with a very tight stop loss and hold for around a 48 pip target. Doesn't sound like much but let me put it to you this way. Say you have a £20,000 account using 1% risk I'll be using 3.90 lot size with a risk of £200.00 if the trade goes against me. If it goes in my favour... should see around £1400 reward. Not bad right.
So what am I looking for? Again, it is hard to show you as I will be scaling into the hourly chart but when/if I start to see price reversal from this zone then I will be looking to enter the trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.