Price found support at 0.62 level and seems like it is collecting orders.
We are not interested in shorts but if price can break the pattern upside we want to take advantage of the cheap price.
Watch out for the bull traps trade with confirmation
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Fundamentally right now NZDCHF is bearish, but however if things manage to calm down around the world like we have seen this weekend with trump easing off of his trade war, Hong Kong rally being peaceful, and the FED likely to cut rates further should drive up NZDUSD. This in turn allows for RISK OFF moves to allow NZDCHF to move further up as well. However, if...
3 On Mt4
Hitting Trend Line
Inverted Head and Shoulder
Forming Morning Star
3 On 4hr, Daily, Weekly, 2 On Monthly *
Long Term Down Trend
Daily, Weekly, Monthly Divergence *
The only way it will hit SL if it breaks two trend lines, and a major support. Stop Loss could be set to .62350, I have it at 1 to 1 for a much higher chance of winning.