FuturesForexClasses

NZDCHF / H4 / Daily Forex Technical Analysis / 4.29.2019

Short
OANDA:NZDCHF   NZD/CHF
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 29th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. The overall structure we are currently seeing is a nice triple bottom off the .67203 region and price action heading back up towards a key resistance area near the .68165 zone. Looking at the 4 hour time frame what we're looking for is price action to reach these levels for optimal conditions to enter a profitable trade. Entry for a short position near the .68161 area, with a Stop Loss near the .68314 levels, to possibly ensure a profitable trade with a 2.02 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!

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