FOREX: NZDCHF - M pattern and our Limit Order

FOREXCOM:NZDCHF   New Zealand Dollar / Swiss Franc
We are waiting for a confluence of two factors where the S/R zone breaks around the location of the current trend line .

Our limit order is set at 0.62499

This whole idea is supported by the M pattern, where there is a price return to the Neck line.

M pattenr is seen in a higher time frame (W1), which gives us an even greater probability of success.

Happy trading, Alex_UCT


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.