NZDCHF quick long
Updated
Quick long position.
reasons for long:
3th touch TL
srtong horizontal support level
38.2%fib
4 hour 200 EMA
A higher high and higher low are already formed.
TP just below last high
SL just below last low
reasons for long:
3th touch TL
srtong horizontal support level
38.2%fib
4 hour 200 EMA
A higher high and higher low are already formed.
TP just below last high
SL just below last low
Note
possible risks:double top has already been formed, therefore not gonna try to push it higher.
Note
Trade set up invalid, looking at a short which I will publish
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