NZDCHF: BUY the dips - High probability trade idea
As you can see NZDCHF is at a very critical area which is support now, after the breakout of the ascending channel.
RISK MANAGEMENT:
At 1:1 take parochial profits (1/3)
At 1:2 take another 1/3 parochial.
If the target breaks the previous high,
extend your take profit target.
If the market struggles at 1:2 close the trade.
RISK MANAGEMENT:
At 1:1 take parochial profits (1/3)
At 1:2 take another 1/3 parochial.
If the target breaks the previous high,
extend your take profit target.
If the market struggles at 1:2 close the trade.
Commentaire:
1:1 HIT ---> TAKE 50% PAROCHIAL PROFITS AND MOVE TO BREAK EVEN
Commentaire:
TP2 HIT ---> Close your trade OR extend your target ! ! !