TraderDaddyOG

NZD/CHF Short trade entry - Wedge breakout

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TraderDaddyOG 已更新   
FOREXCOM:NZDCHF   New Zealand Dollar / Swiss Franc
We just had a clean breakout of a wedge to continue a strong downtrend - will look to short if we mitigate our supply zone on a retest of the wedge and create a LTF CHoCH

Coinciding with my previous post, we have been sustaining a healthy downtrend while mitigating our intended supply zones.
Price has now shown higher time frame signs of reversal and created our first major CHoCH. We now look for:
1. A major BOS (currently hovering around the former low) and subsequent supply zone mitigation
2. Downside fakeout and strong support at .5435 level to breakout of wedge to the upside and flip mitigated supply zones

Don’t forget from last post, we have a massive liquidity pool below us at our weekly demand zone!
交易結束:目標達成:
We awaiting a CHoCH and entered the trade on a supply zone mitigation! This was the perfect setup and our trade entry rules kept us from being swept around as liquidity.


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