If NZDCHF presents no trade opportunity or a miss, i'll be watching GBPNZD closely for a LONG opportunity instead. Preferably in the CP DZ.
Note that NZFCHF & GBPNZD is about 55% negatively correlated, hence it may give us a trade alternative.
This could potentially be a 600 pip run but as discussed, always take off your profits as planned. Will be looking for a reversal trade opportunity around 2.03 level.
Note that NZFCHF & GBPNZD is about 55% negatively correlated, hence it may give us a trade alternative.
This could potentially be a 600 pip run but as discussed, always take off your profits as planned. Will be looking for a reversal trade opportunity around 2.03 level.
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Update:
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Went into H4 to mark out the exact DZ. I'm still bullish on this pair hence waiting for confirmation in this DZ in D1.
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No confirmation of rejection. WIll repost for future entry.