Trade idea - NZDCHF Long

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4H

Inverse Head & Shoulders potentially in play.

Clear support & resistance zone is there.


Interesting scenario from a 1H perspective as well with an Inverse Head & Shoulders pattern as well.

Corrective approach towards entry zone.

-68 Fibonacci completion aligning with entry zone.

= Confirmation to enter. Instant market execution Buy.

snapshot

1.5% risk.
Note
WEEKLY

Inverse Head & Shoulders pattern can play out.
No break of last LH / structure before forming pattern.

Clear support & resistance zone is there.

Bearish W with solid sell zone also there from Weekly perspective, keep in mind.

snapshot
Note
DAILY

Inverse Head & Shoulders pattern on Daily chart as well, aligning perfectly with the Weekly pattern & zone.

-27 Fibonacci aligning with entry zone.

snapshot
Transaction en cours
Trade fermée: ordre d’arrêt atteint
Loss
Chart PatternsDXYForexfxtradinglongsetupNZDCHFnzdchflongstructureandpatternsSupply and DemandsupportandresistancezonesTrend Analysistrump

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