NZDCHF Long
Bias Bullish
Fundamental Analysis
Both data have been bearish. However, CHF has a stronger bearish movement.
Price Action:
Price is bullish. Price retrace back into H4 SR level and reject towards upside. Price formed a double bottom pattern too within the H1 TF.
Confluence:
Higher TF (W/D/H4) - H4 SR level. Retracement to Fibo 61.8 level.
Lower TF (H1/M30/M15) - Double bottom and broken H1 SR level (neckline)
Set up:
Long setup
Fundamental Analysis
Both data have been bearish. However, CHF has a stronger bearish movement.
Price Action:
Price is bullish. Price retrace back into H4 SR level and reject towards upside. Price formed a double bottom pattern too within the H1 TF.
Confluence:
Higher TF (W/D/H4) - H4 SR level. Retracement to Fibo 61.8 level.
Lower TF (H1/M30/M15) - Double bottom and broken H1 SR level (neckline)
Set up:
Long setup
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