Hi traders,
On this NZDCHF chart I am looking for a long entry at point D of the AB=CD pattern. This is close to the 127.2% Fibonacci extension of the AB-leg. We can also see price reverse a few times at that point earlier. The stop goes below the fib extension, leaving some breathing room for price to go against us.
Entry: 0.67841
Stop: 0.67123
Target: 0.69417 = R:RR 2.19
Good luck! Updates will follow as usual.
On this NZDCHF chart I am looking for a long entry at point D of the AB=CD pattern. This is close to the 127.2% Fibonacci extension of the AB-leg. We can also see price reverse a few times at that point earlier. The stop goes below the fib extension, leaving some breathing room for price to go against us.
Entry: 0.67841
Stop: 0.67123
Target: 0.69417 = R:RR 2.19
Good luck! Updates will follow as usual.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.