NZDCHF: Prime Buying Opportunity in Ascending Channel

Jan 7

NZDCHF is trading within an ascending channel, indicating a bullish structure with no signs of bearish divergence. The current price is retracing to establish a higher low, which aligns with the trend's continuation toward a new higher high. This presents a favorable buying opportunity, with risk management focused on protecting the prior higher low.

Jan 8

Trade active

Entry Triggered

Jan 14

Note

Trade in profit. Move SL to Breakeven

Jan 14

Note

Trade is Risk free now!

Jan 20

Trade closed: stop reached

Closed at Breakeven. So no Loss