NZDCHF Swing Long – Double Bottom into Risk-On Revival🟢 LONG NZDCHF @ 0.48923 (Swing Position)
✅ Catalyst: Double bottom + RSI divergence + break above descending channel on 4H.
🛑 SL: 0.48469
🎯 TP1: 0.49565 (1:1.2 R:R)
🎯 TP2: 0.50230 (1:2.5 R:R)
🎯 TP3: 0.50800 (1:3.9 R:R)
📊 Chart: Price defended 0.4870 key structure zone. Bullish engulfing + EMA crossover signal upside continuation.
🌍 Context: CHF weakening across the board on SNB dovish tone. NZD supported by risk-on flows and commodity demand rebound.
💬 “Stacking into this swing or waiting for confirmation above 0.4950? Let’s talk setups 👇”
#Forex #NZDCHF #SwingTrading #PriceAction #SmartMoney
