Hi traders,
On this NZDCHF chart I am looking for a long entry at point D of the AB=CD pattern. This is close to the 127.2% Fibonacci extension of the AB-leg. We can also see price reverse a few times at that point earlier. The stop goes below the fib extension, leaving some breathing room for price to go against us.
Entry: 0.67841
Stop: 0.67123
Target: 0.69417 = R:RR 2.19
Good luck! Updates will follow as usual.
On this NZDCHF chart I am looking for a long entry at point D of the AB=CD pattern. This is close to the 127.2% Fibonacci extension of the AB-leg. We can also see price reverse a few times at that point earlier. The stop goes below the fib extension, leaving some breathing room for price to go against us.
Entry: 0.67841
Stop: 0.67123
Target: 0.69417 = R:RR 2.19
Good luck! Updates will follow as usual.
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