AlkalineFX

NZDCHF - Falling Wedge Break

Long
FX:NZDCHF   New Zealand Dollar/Swiss Franc
We have encountered a break of the falling wedge but more importantly, we are seeing signs of a structure shift on the 4-hour time frame. I will be waiting patiently for the price to pullback into the key zone marked and show signs of rejection before considering my long position. This looks like a fantastic setup to take advantage of today.

COT Data - 49% Long
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