joeyvalentino

LATE IDEA Descending Channel

Corto
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Super Simple setup, price rejected at market structure, no swing lows created on relevant market structure... looking to capitalize on Kiwi weakness and CHF rally in current market climate. unclear as to the full completion of the move but pased on basic TA i am looking to play the descending channel that is currently painting. could even consider taking TP3 t 61.8 retracement from swing low to swing high... but for now just looking to take it to most recent relevant support... drew this up a few days ago but due to account issues i was blocked from posting until today...

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