NZDCHF buy set up at 61.8 Fibonnaci

Hello everyone,

This is my idea for NZDCHF.
The pair create a W formation, after the over extended bull run, price now drop and retest the support which is line up perfectly at 61.8 Fibonacci level.
I recommend we keep this pair in our watch list, and try to find a buy signal in 4h timeframe.

Risk reward is 1:3 for this trade.
Goodluck to everyone.

Cheers

Please do your own analysis before start trading.

Kommentera:

Very accurate buy set up. To people who followed my plan, you can move your stop loss at break even, and start taking profit slowly.
Goodluck to everyone.
Cheers