NZD SURGED ON MONDAY AFTER THE NEW RBNZ GOVERNOR WAS ANNOUNCED. THE ANNOUNCEMENT INJECTED SOME VOLATILITY FOR THE KIWI WHICH WAS UP AGAINST EVERY MAJOR CURRENCY AS THE MARKET TOOK THE ANNOUNCEMENT AS POSITIVE. ADRIAN ORR WILL TAKE UP THE POST IN THE NEW YEAR. YOU CAN READ ABOUT HIM IN THIS ARTICLE. WHO IS ADRIAN ORR?

NZDCHF IS TRADING IN A DOWNWARD CHANNEL ON THE DAILY CHART, HOWEVER MY PLAN IS TO LOOK FOR OPPORTUNITIES TO GO LONG SEEING THAT PRICE OPENED UP AT MM2 AT THE BEGINNING OF THE MONTH. PIVOT POINT THEORY SUGGEST THAT MM2 BULLS HAVE A MONTHLY TARGET OF MM4 SO A PUSH OUT OF THE CHANNEL IS POSSIBLE.

NZDCHF DAILY

MARKET IS BEARISH, 21 BELOW THE 55. STOCHASTICS HEADING TOWARDS OVERBOUGHT. PRICE OPENED UP AT MM2 WHICH PREDICTS MM4, SO ITS POSSIBLE PRICE CAN BREAK OUT OF THE DESCENDING CHANNEL TO THE UPSIDE. NOTE THE DOUBLE BOTTOM.

NZDCHF H4

PRICE HAS BROKEN OUT OF THE RANGE TO THE UPSIDE, REACHING THE WEEKLY TARGET OF WM4 AFTER OPENING AT WPP. A PULLBACK TO THE CENTRAL PIVOT WILL PROVIDE A POSSIBLE OPPORTUNITY TO GO LONG.

NZDCHF H1

THIS CHART IS SIMILAR TO THE H4 CHART. WAITING FOR A PULLBACK AT ROLE REVERSAL SUPPORT OR THE CENTRAL PIVOT TO GO LONG.

NZDCHF DAILY POST PLAN

THE PLAN WAS TO BUY THE THE BREAK OF THE CHANNEL TO THE UPSIDE AFTER THE DOUBLE BOTTOM, WHICH I DID. THE PULL BACK WAS NOT THAT SIGNIFICANT BECAUSE BULLISH MOMENTUM WAS QUITE STRONG. I BAGGED AROUND 130 PIPS ON THIS TRADE.

NZDCHF H4 POST PLAN

NZDCHF H1 POST PLAN

NZDCHF H4 POST PLAN UPDATE

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