NZDCHF LONG

Price Action Day Trading

Daily Bias: Bullish, Price broken through long term resistance and closed above

POI: Price is retracing back to the broken resistance after formed a higher high. Based on Currency Index, NZD is close to support level and CHF is close to resistance level. Based on those confluence, NZDCHF will have a higher chance of bullish reacting at the Resistance level.

Setup: H1 TF, Set a long trade at the broken resistance level targeting Daily Swing high. SL below H1 swing low below the Resistance level. R:R 1:3