Nzd/Chf is showing a nice Bullish engulfing candle on the 4hr chart
Just above 61.8% Fibonacci Expansion target - which now could act as a support
The Stochastic indicator shows a slight bullish divergence too,
and price seems to be rejecting the lows around 0.6260
I am long Nzd/Chf with a first target of taking out previous highs around 0.64,
second target is 23.6% daily Fibonacci retracement level around 0.6550
This is very nice RR ratio if low is indeed in place here,
Open long: Nzd/Chf: 0.63 -- SL: 0.6250 -- TP1: 0.64 TP2: 0.6540
p.s. Excuse me for posting this idea twice - I thought I did something wrong the first time
Just above 61.8% Fibonacci Expansion target - which now could act as a support
The Stochastic indicator shows a slight bullish divergence too,
and price seems to be rejecting the lows around 0.6260
I am long Nzd/Chf with a first target of taking out previous highs around 0.64,
second target is 23.6% daily Fibonacci retracement level around 0.6550
This is very nice RR ratio if low is indeed in place here,
Open long: Nzd/Chf: 0.63 -- SL: 0.6250 -- TP1: 0.64 TP2: 0.6540
p.s. Excuse me for posting this idea twice - I thought I did something wrong the first time
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.