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Nzdchflong

NZDCHF Trading Plan - 30/Mar/2023Hello Traders, Hope you all are doing good!! I expect NZDCHF to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
NZDCHF - buy setupHi everyone :) On the monthly chart, it appears that we may experience a minor correction before re-testing the MA 20. Meanwhile, the weekly MA 50 is just 50 pips away and price action is trending above the MA 20. On the daily chart, the price action has surged above all moving averages and a bullish engulfing candle pattern on the 4-hour chart confirms our entry point. The only challenge is breaking through the resistance zone in order to see a further move up. Keep in mind that both currencies are currently being sold off by hedge funds, so this trade may require patience.
Long
by fxtraderkristina