Makeyourmoneywork4U Trade Idea
Pair: NZDCHF
Position: BUY
Timeframe: DAILY
STOP LOSS: 0.59122
TAKE PROFIT: 0.6890
Reason for trade: The chart has retraced on the daily fib to the 0.618% level and then made a higher low retest (see yellow line on the chart) Now looking for price to make its way up to the 161.8% of the fib area.
Pair: NZDCHF
Position: BUY
Timeframe: DAILY
STOP LOSS: 0.59122
TAKE PROFIT: 0.6890
Reason for trade: The chart has retraced on the daily fib to the 0.618% level and then made a higher low retest (see yellow line on the chart) Now looking for price to make its way up to the 161.8% of the fib area.