NZD/CHF Trading Analysis (04/03/2024)

The trend is ascending. The downward wave structures are truncated. The entry point at the pullback B with the condition of C is forming. The currency pair is traded in the range between 365 and 135 ЕМА at the hourly timeframe. The Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the formation of the ascending wave structure, when the wave A breaches the sloping channel of the downward structure.

Stop-Loss at the round secondary level of 0.5380.

Target price levels at 0.5410 and 0.5436.

#nzdchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor