NZD/CHF Re-tracement Is OVER Be Ready to Buy
Although the price is in a bit of a mess but on a small timeframe we can say that the price is moving to the upside slowly. According to the trendline analysis and waves analysis the price now is in the re-tracement phase after creating a nice wave. To determine your entry in this case u need to use the fibonacci tool from the previous low to the latest top, for me the best place to buy is around 61% and 71% fib level.
You can put a buy limit order around the 2 levels or u can wait to see a good bullish price action around the buying point on the 4H time frame and from there u can enter ur trade.
I will keep u guys updated when my order is trigerred.
You can put a buy limit order around the 2 levels or u can wait to see a good bullish price action around the buying point on the 4H time frame and from there u can enter ur trade.
I will keep u guys updated when my order is trigerred.
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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.
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.