NZDCHF one more bullish week before fall

١ ديسمبر ٢٠١٨

1D
On week 48 NZD strong. CHf was week on different timeframes.
Therefore i expect trend continuation on NZDCHF pair.

5th impulse wave of Elliot in completing.
Now price in wave 4-5 which is usually not so healthy and consist of zig-zag formations.
For now I expect naturall pullback
1) to retest of daily SR 0.67800 - it was tested only 1 time still.

For me it also worth shorting from 0.69600 to 0.66500

4H
Price tested 4 times SR Dialy level, breakout from range making good uptrend
healthy uptrend,no signs of pullback.
If pullback happens then buy from red arrow.


1H
For week 49 i propose to w8 for pullback to red arrow and
Open Long
ENTRY 0.68500
SL 0.68100
TP 0.69400


Also it worth to w8 for finishing Elliot wave formation and go short from Daily SR as shown furher.

٨ ديسمبر ٢٠١٨

أغلقت الصفقة: تم الوصول لوقف الخسارة

Good anticipation of price movement but bad TP placing.
In my opinion now we are in ABC correction theroefore
I recommend to w8 and see how price will go through Daily SR
Sell on pullback