CHFNZD trade ideas
NZDCHF Trading Plan - 03/Jan/2022Hello Traders,
Hope you all are doing good!!
I expect NZDCHF to go Up after finishing this correction.
Look for your BUY setups.
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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 (0.6502).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.6570
TP2= @ 0.6610
TP3= @ 0.6644
TP4= @ 0.6702
TP5= @ 0.6789
SL= Break below S2
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NZDCHFFX:NZDCHF
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CTS - NZDCHFThis analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
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