NZD/CHFLong
NZDCHF Bullish Reversal Opportunity
NZDCHF is picking bullish momentum from it's lowest price. A potential Bullish reversal may occur if the price breaks the previous Lower High.
Bulls may eventually face a strong resistance zone around 0.5632 till 0.5496. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 0.526
Stop Loss @ 0.4933
TP1 @ 0.5587
TP2 @ 0.5914
No. of Trades: 2
Move SL to Break Even if TP1 hits.
Bulls may eventually face a strong resistance zone around 0.5632 till 0.5496. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 0.526
Stop Loss @ 0.4933
TP1 @ 0.5587
TP2 @ 0.5914
No. of Trades: 2
Move SL to Break Even if TP1 hits.
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.
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.