NZDCHF = BUY SETUP (SWING TRADE)

We have an impulse correction and a possible continuation to the upside. Also on the daily time frame if we look left we can see a structural level on the market in which we have a support and multiple times turned resistance, and since the market has broken up above and turned support and since the market has now returned back to the structure level to retest we can see a continuation for long.

So the setup is done on the 4H, we can see the environment is still bearish MACD is still below the 0 and EMAs are cut for short, so only if the EMAs will cut for long and the MACD will break above the 0, after the break and shift on the retest of the previous resistance turns support here is when we can look for the long. Stop loss is below the low and the take profit is on the -0.272 of the Fibonacci taken on the daily retracement.

ENTRY: 0.64558
TP: 0.65220
SL: 0.64344

BE + SWAP + COMMS
> Only BE if the market created and impulse and correction