I told you I don't like to trade market open. NZD/CHF retraced to the 618, and also the 1.618 extension, on either a C wave or wave 3. Based on the price action I would expect it to at least make a further correction. Made a small diagonal. I would look to trade it up to high as the equal length extension meets and 38% retracement right above it. It's possible you could get more out of it. Also possible you get stopped out. Yay! Forex! LOL
Comment:
All Nchf did was nothing so far. just early week shananigans. I will be looking to hit this market up tomorrow to wednesday if I see something.