NZDCHF Daily S/R| Swing High| Price Action| Trend
Evening Traders,
Today’s analysis – NZDCHF – trading above its Daily S/R where a retest is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High Objective
- .618 Fibonacci Confluence
NZDCHF’s immediate price action is corrective, trading towards the Daily S/R where a long bias is valid.
The Swing High is the immediate objective, exceeding this level will increase the probability of a trend continuation.
The .618 Fibonacci is in current confluence with the Daily S/R, holding this trade location is critical for a continuation.
Overall, in my opinion, NZDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember, l the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.”
― Yvan Byeajee
Today’s analysis – NZDCHF – trading above its Daily S/R where a retest is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High Objective
- .618 Fibonacci Confluence
NZDCHF’s immediate price action is corrective, trading towards the Daily S/R where a long bias is valid.
The Swing High is the immediate objective, exceeding this level will increase the probability of a trend continuation.
The .618 Fibonacci is in current confluence with the Daily S/R, holding this trade location is critical for a continuation.
Overall, in my opinion, NZDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember, l the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.”
― Yvan Byeajee