NZDCHF: Potential Trend-Following Trade Explained 🇳🇿🇨🇭

4 באפר׳ 2022

NZDCHF is trading in a bullish trend since the beginning of the year.
After the price set a new high around 0.6515 level, the market retraced to key structure support.
On that, I spotted a double bottom formation on 4H.

To buy the market with a confirmation, let the price break 0.642 - 0.6436 its horizontal neckline.
You need 4H candle close above that to confirm the breakout.

Goals will be 0.64 / 0.65

If the price breaks the underlined yellow structure to the downside the setup will be invalid.

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5 באפר׳ 2022

הערה

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