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Why am I looking to trade NZDCHF LONG?Why am I looking to trade NZDCHF LONG? Reason: We have an extreme peirce candle outside of the Bollinger band. Looking left on the daily chart we are in a solid area of support and resistance (blue and red boxes) price has respected these areas before. Some traders may consider the Bollinger break candle on the 60 min chart as a valid double bottom reversal Entry: 5 pips buy stop above the current pin bar Stops: 5 pips below the previous extreme candle Targets: Target 1: 1:1 – 0.6544 Target 2: 4 pips below daily high As always good luck in the markets, TradeEasy.
Long
by TradeEasy_Today
What is my entry criteria for a GBPJPY LONG?What is my entry criteria for a GBPJPY LONG? My Reason: A possible Cypher patter is setting up. However, we are currently 70ish pips from an aggressive completion. Entry: Aggressive D completion 136.922 Stops: Below X swing Inverted 141 Fib Targets: Target 1: 382 Fib Target 2: 618 Fib Other ways to get involved A more conservative entry could be to wait for price action to come near our D completion and wait for a Double bottom or other reversal sign, 3 bar reversal with oversold. As always good luck in the markets, TradeEasy.
Long
by TradeEasy_Today
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