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No movement yet in NzdUsd

AdamFx42 Przesłąno 8 Sie w #Trader's blog #Nzdusd #Long #Nzdchf

I am holding on to Nzd longs but nothing seems to be happening

I have two Nzd long positions now, I had a NzdUsd that I carried across the weekend
and I have added a NzdChf long the day before yesterday
Still, there is no movement in Nzd, so I will have to be patient for now

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Przetłumacz na Angielski Pokaż oryginał

NZDChf weekly upward channel

AdamFx42 Przesłano 31 Lip jako Analiza NZD/CHF, Cel: 0.7143, Data: 1 z Wrzesień, 12:00 GMT w #Technical analysis #NZD/CHF #Weekly Channel #Nzdchf #Up Move

NzdChf is in a weekly uptrend and bullish at the moment
The weekly chart shows us the uptrend in NzdChf:
The fibonacci expansion of the move up within the channel is clear,
61.8% fibonacci expansion has been broken but price has returned back from the trendline
This retracement should lead to another move up
On the daily chart we might find our target area:
A rising trendline on the daily chart (green line) seems to be supporting the price
This leads it back to the 61.8% fibonacci expansion leve…

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AdamFx42's Blog

No movement yet in NzdUsd

NZDChf weekly upward channel