NZDCHF 1000 Pip Buy Setup?
Moving for long term or ~160 pip buy to continue downtrend?
Price reacted off of daily 61.8 fib level.
Should this price hold and price break past the last swing high, I think we may be seeing a long term reversal for the next 1,050 or so pips to the match D 61.8 extension.
Or this could be a pullback for a deeper retracement off of the lower TF shallow retracement play to continue to .62500. Price has not been in this zone since December 12/21.
Price reacted off of daily 61.8 fib level.
Should this price hold and price break past the last swing high, I think we may be seeing a long term reversal for the next 1,050 or so pips to the match D 61.8 extension.
Or this could be a pullback for a deeper retracement off of the lower TF shallow retracement play to continue to .62500. Price has not been in this zone since December 12/21.