NZDCHF Trade Analysis
System C's NZDCHF trade reason
Gold arrow: Entry price
Red arrow: Stop loss price
Green arrow: Take profit price
Trade Setup:
NZDCHF formed a small channel in the hour 1 timeframe.
Trade confirmation:
Price is at the top of our channel and might break further down.
Trade reasons:
1) price rejected channel
2) good risk-reward ratio, ( 1 - 1.37 )
Take profit reasons:
1) Take profit level was set to be slightly above the bottom channel to not over estimate market trend.
Stop loss reasons:
1) Stop loss level was set to be above the middle of our channel
2) If price breaks channel line it might go to a new high.
Gold arrow: Entry price
Red arrow: Stop loss price
Green arrow: Take profit price
Trade Setup:
NZDCHF formed a small channel in the hour 1 timeframe.
Trade confirmation:
Price is at the top of our channel and might break further down.
Trade reasons:
1) price rejected channel
2) good risk-reward ratio, ( 1 - 1.37 )
Take profit reasons:
1) Take profit level was set to be slightly above the bottom channel to not over estimate market trend.
Stop loss reasons:
1) Stop loss level was set to be above the middle of our channel
2) If price breaks channel line it might go to a new high.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.