FullTimeTrader
Long

NZDCHF-H4-bouncing on trendline and 0.61 fib

FX_IDC:NZDCHF   NEW ZEALAND DOLLAR / SWISS FRANC
259 1 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
Dinkan
a year ago
I have a different opinion. Have a look at this chart.
NZDCHF sell position is around 0.64298
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