NZDCHF BUY Long

New Zealand Dollar/Swiss FrancFXCM

Description

⋅ Oct 29, 2020 7:23 AM

Makeyourmoneywork4U Trade Idea

Pair: NZDCHF

Position: BUY

Timeframe: DAILY

STOP LOSS: 0.59122

TAKE PROFIT: 0.6890

Reason for trade: The chart has retraced on the daily fib to the 0.618% level and then made a higher low retest (see yellow line on the chart) Now looking for price to make its way up to the 161.8% of the fib area.

Trend Analysis