UltimateCryptoTrader

FOREX: NZDCHF - M pattern and our Limit Order

Long
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

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