NZD/CHFشراء
NZD/CHF - Long Trade. Market Order Entry
Risky Trade setup. Trading against the Trend
What I am currently looking at is a Long Term Pullback trade. We've been breaking structure to the down side but on smaller time frames ive noticed a recent shift in the market telling me we may see a movement towards to the upside. On the Long Term, the discount zone is almost 3000Pips away which is why I believe the market needs to see some sort of short term correction.
In the short term market structure we can see a strong Resistance that price is respecting well although.. price made a very strong push to the upside right into the resistance telling us the resistance is now weak and needs to break through.
My Prediction - Due to increase of Volume data we have seen a strong demand zone level be created, following this price made a valid 1H Mitigation block which price reacted off. We then made a big push to the upside breakout our first resistance and taking out buy side Liquidity, price then dropped into our OTE and we saw a Liquidity Grab taking out sell side Liquidity confirming we will be seeing price move higher up.
I have my stop Loss below the 1H Mitigation Block and my TP at the next level for Liquidation which was the Long term previous Swing High.
Good Luck to anyone who follows my trade. Trade responsibly
What I am currently looking at is a Long Term Pullback trade. We've been breaking structure to the down side but on smaller time frames ive noticed a recent shift in the market telling me we may see a movement towards to the upside. On the Long Term, the discount zone is almost 3000Pips away which is why I believe the market needs to see some sort of short term correction.
In the short term market structure we can see a strong Resistance that price is respecting well although.. price made a very strong push to the upside right into the resistance telling us the resistance is now weak and needs to break through.
My Prediction - Due to increase of Volume data we have seen a strong demand zone level be created, following this price made a valid 1H Mitigation block which price reacted off. We then made a big push to the upside breakout our first resistance and taking out buy side Liquidity, price then dropped into our OTE and we saw a Liquidity Grab taking out sell side Liquidity confirming we will be seeing price move higher up.
I have my stop Loss below the 1H Mitigation Block and my TP at the next level for Liquidation which was the Long term previous Swing High.
Good Luck to anyone who follows my trade. Trade responsibly
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