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.