NZDCHF Bullish
Bias Bullish
Fundamental Analysis
NZD is bearish data, but recent inflation is at target level close to 2%. NZD likely to stable down soon. CHF is not taking big move, more neutral position
Price Action: Price retrace back to support level. there was an rejection from Support level. It broke the H4 resistance level. As it show the continuation of bullish movement. Price expected to retest the broken resistance level. It consolidated and form a double bottom and broke through the ltf resistance level
Set up:
Long setup Broken resistance level of H4/H1
SL below swing low
TP next swing high of R:R 1:4.5
Fundamental Analysis
NZD is bearish data, but recent inflation is at target level close to 2%. NZD likely to stable down soon. CHF is not taking big move, more neutral position
Price Action: Price retrace back to support level. there was an rejection from Support level. It broke the H4 resistance level. As it show the continuation of bullish movement. Price expected to retest the broken resistance level. It consolidated and form a double bottom and broke through the ltf resistance level
Set up:
Long setup Broken resistance level of H4/H1
SL below swing low
TP next swing high of R:R 1:4.5
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