Trade Setup: NZD/CHF – 8 Sep 2016

8 Sep 2016
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8-sep-2016-nzdchf

Candle Stick Pattern: Dark Cloud Cover at (1)
Confirmation:

  • Stochastic overbought range at (3).
  • Touching outer band of Bollinger Band at (1).
  • Retesting the resistance of (2) at (1).

Signal: SELL
Entry Point: 0.7189
SL: 0.7249 (60 pips)
TP: 0.6918 (271 pips)

[Update 1 – 12 Sep, 2016]

Set SL to current bar high.

[Update 1 – 13 Sep, 2016]

8-sep-2016-nzdchf-cont

Booked partial profit at 0.7076. (Fibonacci 50% level)

[Update 1 – 16 Sep, 2016]

8-sep-2016-nzdchf-cont-2

Closed remaining trade as the trend changes.

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