themarketzone
Long

3 reasons to look for reversal in this pair

FX:NZDCHF   New Zealand Dollar/Swiss Franc
After successful short trade we took at the Elite Zone based on the Gartley pattern , I'm now looking for reversal in $NZDCHF.
The Gartley reached both of its target levels and now the price is at interesting, possible support, zone.
1. Bullish AB=CD pattern completion
2. Structure level
3. 61.8 Fib level

These 3 technical reasons may be good enough to look for reversal in this beaten pair.
We have to remember that unlike in the $NZDUSD, the Swiss bank will not allow the CHF to get stronger than other currencies.. They made it very clear.
they made that clear regarding the euro. Nzd is in a clear downtrend
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