NZDCHF - Downward Trend - Four Hour
Hi Guys,
Rare piece of trend analysis for me, however it links well with my earlier Bullish Shark on the NZDCHF. The pair respected the One Year high back in February and has been descending in a downward channel since. 1:2 Risk to Reward potential (with a generous stop loss) if it reaches my target 'D' point for the Bullish Bat.
I'll watch how it opens tomorrow, if we have a bearish candle I will enter. If bullish, I will wait for signs of a reversal.
Feedback would really be appreciated on this one as I rarely trade the trend!
Thank You!
V
Rare piece of trend analysis for me, however it links well with my earlier Bullish Shark on the NZDCHF. The pair respected the One Year high back in February and has been descending in a downward channel since. 1:2 Risk to Reward potential (with a generous stop loss) if it reaches my target 'D' point for the Bullish Bat.
I'll watch how it opens tomorrow, if we have a bearish candle I will enter. If bullish, I will wait for signs of a reversal.
Feedback would really be appreciated on this one as I rarely trade the trend!
Thank You!
V
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