Hello traders. On this 1H analysis of NZDCHF, we have a double bottom setup. We can see that price was rejected twice from the 0.64560 region, creating our First Bottom (1ST BTM) and Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 0.64870 region. The 0.65370 region is seen as a good resistance level where price may go next.
Trade closed: target reached