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NZD/CHF BUY

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#NZD/CHF# NZD/CHF BUY

NZD/CHF


3 on MT4
Hitting inside zone PR
Divergence 1hr
Hitting 50% fib





Longer term double top formation
Daily divergence for a drop
Needs to break past zone + 500 level



Low RSI 4hr
Good SL below 61.8%
Following trend, (trend trading)


Mainly Fib / trend trading
TP 1 set below major ressitance
SL set below 61% FIB
TP 2 full completion of trend, advice lower lot size

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New Zealand posted a trade deficit of NZD353 million following July's surplus of NZD447 million and made it difficult for the kiwi to stage a rebound.
great risk and reward ratio there

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