ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor NZD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.6440, 0.6500, 0.6550
Key Support Levels: 0.6385, 0.6317, 0.6300
Daily Chart:
The price on the higher time frame is traded inside a bearish channel formation. It posted at the lower end of this pattern a double bottom pattern which shows that a potential reversal might occur plus the pair failed to break a strong support around the
NZD/CHF Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the price managed to break the bullish flag formation to the upside by posting a bullish head and shoulders. This led to a move higher but we expect a lower correction to the neckline of the H&S before the big move to the upside.
Signal Idea:
Buy Limit Order @ 0.6404
TP 1 @ 0.6437
TP 2 @ 0.6500
Stop Loss @ 0.6393
Trade Safely 🙂
