The NZD/CHF is trending higher on the W1 time frame. Traders can set a an audible buy alert at the 0.6985 resistance area, which is noted on the chart by the yellow line. This is the next resistance breakout point.
When the price alert hits price check The Forex Heatmap® for a confirmation buy signal. The NZD/CHF has great upside pip potential past the alert price up to the 0.7400 area resistance level, noted on the trend chart below. So the overall pip potential is about 400 pips, which means that the risk/reward ratio and money management ratio for this trade is excellent. We conduct all of our trend analysis using multiple time frames of trends. We isolate each currency like the NZD and CHF plus six other currencies and analyze them separately to develop trend based trading plans for 28 pairs..