FullTimeTrader

NZDCHF-H4-bouncing on trendline and 0.61 fib

Long
FX_IDC:NZDCHF   NEW ZEALAND DOLLAR / SWISS FRANC
11
After a clear downtrend the price has started to make a series of HH, HL
Now is retracing to the trendline to reach new highs.

We have also:
- bullish hidden divergence on AO
- AB=CD pattern (purple line)
- 0.61 fib retracement

Target 1: last high
Target 2: 1.27 fib extension
Target 3. 161 fib extenson

Best regards

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