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Timonrosso
Nov 25, 2022 3:11 PM

NZDCHF Long to 0.6288 - with little worry  Long

New Zealand Dollar/Swiss FrancFXCM

Description

Cup and Handle formed on daily and broke up and out beautifully.
The 7>21 but <200 MA
Once price breaks above the level the target will easily go to 0.6288
My concern is the break up after a continuous downtrend which makes it a medium probability trade.
Comments
bogunbayo
And the bearish divergence?
Timonrosso
@bogunbayo, well spotted and another reason for it being a medium prob trade.
JoeChampion
It makes sense, especially when it comes to NZD strength!
bogunbayo
Alright. Thank you
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