On the chart I've outlined significant support and resistance zones for NZD/CHF. A break of the resistance will signal a strong bullish movement, and a break of support will signal strong bearish movement. With my trading strategy, I will wait for a break, retest, and then I'll enter. Remember to set SL & TP. Risk Management is SO IMPORTANT!!! With using PROPER risk management you play this game with probabilities in your favor. Don't trade with emotion, but be true to your rules.
I usually set my SL at a 30pip loss and my TP for 50pip profit.
Don't be biased, just follow the market! Like I said this is a game of probabilities. Stay true to your rules and it will go well for you!
I usually set my SL at a 30pip loss and my TP for 50pip profit.
Don't be biased, just follow the market! Like I said this is a game of probabilities. Stay true to your rules and it will go well for you!