CHFNZD trade ideas
NZDCHF Sell trade opportunitiesNZDCHF Sell trade opportunities
NZDCHF was running in support & resistance channel It has recently broken the Resistance trendline and closed above its a good opportunity for a long with very good risk-reward target point also mention in the chart
‘Always trade with Stop Loss
NZDCHF Trading Plan - 13/May/2022Hello Traders,
Hope you all are doing good!!
I expect NZDCHF to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
💡Don't miss the great buy opportunity in NZDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6398).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 0.6440
TP2= @ 0.6472
TP3= @ 0.6507
TP4= @ 0.6534
TP5= @ 0.6559
SL= Break below S2
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