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NZDCHF: “RAISING WEDGE” READY FOR A SHORT-BEARISH.

 

 

In the chart, consider the pair trading between sliding trend lines. This kind of pattern formation known as raising wedge. Mostly, this kind of pattern formation leads a bearish move with an impulse formation.

Currently, the price range moving around  0.67559

 

In the pattern @0.68071, candles marked a pullback and opened the gate for a breakdown, which is going to happen in the next few movements. If the price range breaks the trend, the signals could easily fetch the mark 0.66758.

Due to the pattern breakout, the traders should keen @0.67261.

Or else If the market has sentiments with the bull, end the trade @0.68319.

TRADER’S KEEN ON THE MOVEMENT AND DECIDE YOUR TRADE.

 

SIGNAL SPECIFICATION:

Pair: NZDCHF

Order: SELL

Entry: 0.67559

Take profit 1: 0.67261

Take profit 2: 0.66758

Stop loss: 0.68319

Risk Vs Reward: 1.05

 

Our Unique Features:

  1. Follow our 15 signals ….10% equity will increase in your account for sure.
  2. We are not Trailing stop! or average the trades.
  3. 2% Risk Management Per trade.
  4. Risk vs Reward up to 1:7.

Note:

Trade signals would usually have a risk to reward ratio of 1:2.

It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.

This allows you to be good in overall pips profit.

Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

 

Note: Everything works with Best money management.

 

Note: Please leave comments for any query.

 

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

 

Best

Forextamil

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19 Jul 2018 1:45 pm Posted by tamilforex

 
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