The risk-off sentiment surrounding the markets at the moment seems in favor of Nzd and Aud
Nzd/Chf has a nice setup:
Price is rejecting lows around 0.6260
This level is also 61.8% Fibonacci Expansion target on the 4 hour chart
This level is acting as a support area and a possible target for Nzd/Chf
Above the target we see a bullish engulfing candle has formed
Stoch indicator shows a slight bullish divergence, and is moving up
If a low is indeed in place here, this trade could provide excellent RR ratio
First target would be the taking out of previous highs on 4 hour chart around 0.64
and second target will be the 23.6% Fibonacci daily retracement level
Nzd/Chf: Long above Fibonacci Expansion target
Entry 0.6260 -- 0.6300, SL: 0.6250, TP1: 0.64, TP2: 0.6540
p.s. Excuse me for posting this idea twice - I thought I did something wrong the first time
Nzd/Chf has a nice setup:
Price is rejecting lows around 0.6260
This level is also 61.8% Fibonacci Expansion target on the 4 hour chart
This level is acting as a support area and a possible target for Nzd/Chf
Above the target we see a bullish engulfing candle has formed
Stoch indicator shows a slight bullish divergence, and is moving up
If a low is indeed in place here, this trade could provide excellent RR ratio
First target would be the taking out of previous highs on 4 hour chart around 0.64
and second target will be the 23.6% Fibonacci daily retracement level
Nzd/Chf: Long above Fibonacci Expansion target
Entry 0.6260 -- 0.6300, SL: 0.6250, TP1: 0.64, TP2: 0.6540
p.s. Excuse me for posting this idea twice - I thought I did something wrong the first time
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.