The Nzd/Chf pair had made a brake of the 200sma weekly chart SurpriseBox. The brake formed a head and shoulders pattern. Long term, stop will be about 0.75. Target will be 0.60 although shorter term 0.65. Disadvantage of "parking" a position long term is the cost, the difference in interest may be expensive. Had been trading shorter term positions based on this pattern.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
