NZDCHF view as on D1
The triangle pattern marked is indicated by the MT4 indicator Markup Buddy. This indicator is excellent in drawing key support and resistance levels where chart patterns then come forward.
# For more information on Markup buddy please read here www.profitfxza.com/markup-buddy
See my analysis below while using this tool:
# Price has printed a buy signal on H4 off the support trend line
# Higher lows and equal highs are formed indicative that the bulls are in control over the bears
I have bought at market price @ 0.67610 with
# SL below the support trend line @ 0.67001 and
# TP higher up at 0.68963 just below resistance
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in Forex Bootcamp using the Telegram link below for real time updates
The triangle pattern marked is indicated by the MT4 indicator Markup Buddy. This indicator is excellent in drawing key support and resistance levels where chart patterns then come forward.
# For more information on Markup buddy please read here www.profitfxza.com/markup-buddy
See my analysis below while using this tool:
# Price has printed a buy signal on H4 off the support trend line
# Higher lows and equal highs are formed indicative that the bulls are in control over the bears
I have bought at market price @ 0.67610 with
# SL below the support trend line @ 0.67001 and
# TP higher up at 0.68963 just below resistance
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in Forex Bootcamp using the Telegram link below for real time updates