NZDCHF Short-to-Mid term Long Carry Trade (3.5:1 risk/reward)
Not a typical cross pair for me to trade on but I like that this trade can actually turn into a carry trade with a huge positive swap offer (Roughly $0.89 a day per 10k lot, $8.90 per standard 100k lot! This could add up nicely.).
This pair has respected the .236 line as well as the 0.618 fib line zone a few times and looking for a bounce back to the 0.618 on the reverse fib extension.
Buy limit at 0.6870.
Pure speculation but I like the risk/reward if it plays out properly.
This pair has respected the .236 line as well as the 0.618 fib line zone a few times and looking for a bounce back to the 0.618 on the reverse fib extension.
Buy limit at 0.6870.
Pure speculation but I like the risk/reward if it plays out properly.
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