NZD CHF

I took on a buy on this today at 7720-7728(big spread) with a stop at 7778 which is 61.8 Fib,and I will move up closer to break-even soon depending on price action tonight/tomorrow.

dl.dropbox.com/u/43650856/NZD%20CHF%20-%...20-%2020th%20Feb.htm

its in a trading range and right near the resistance


I would wait for a breakout of the trading range before buying a pullback
there's also an inverse H&S but its right at the top so have to be careful!

Hi broad rock

It's worth an attempt at the gap fill.
Have tight stops thou.
Another thing to do with regards to the gap fill.
Look through the history of this currency pair and see how the gaps have played out. If a high percentage have bounced of the gap then good chance this will.if it does not then chances are it won't ether. That's what I normally do with gaps.

Is there a possible trade in this pair?

A gap fill would also retest trendline and the 13ema & 21ema,
maybe a buy here with stop at or below 50ema or
wait for a break of 0.7868

dl.dropbox.com/u/43650856/NZD%20CHF%20-%...20-%2017th%20Feb.htm

Would appreciate other views.