NZDCHF Possible Long Position

Disclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).

Four Hour Analysis

Price has broken above to the most recent high, if price continues to test this black line as support we could be looking for a long position but all while risking one percent. We will wait for a lower time frame confirmation in the mean time but we will need a lot more confirmation before taking this trade.



Hourly Analysis

I will be waiting for an hourly close above that previous candle, the best outcome is to wait for a close above that wick. If we do get into a trade here we will be risking one percent to keep our risk management in check. This makes it so if it is a winner it will pay off, if it is a losing trade we will only loose one percent so it is not a big deal if it goes against us.



Keep on eye on this pair but do not count on it too much, it is already dropping below the respected level so be really cautious when taking this trade this week.

Thanks again,
KeySlot.