NZDCHF / H1 / Daily Forex Technical Analysis / 8.28.2019

28 thg 8, 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is August 28th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. Looking at the 1 hour time frame price action is currently making its way to a previous area of support near the .620 area. If price action can hold this region and not breakdown under the .620 area we will be looking for an optimal entry long. Entry for a Long position near the .62060 area, with a Stop Loss near the area of .61862, with a target profit level area of .62636 to possibly ensure a profitable trade with a 2.91 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!