FullTimeTrader
Long

NZDCHF-a textbook cup and hadle pattern forming

FX:NZDCHF   New Zealand Dollar/Swiss Franc
266 0 8
You can have more information about this pattern here:
http://www.investopedia.com/terms/c/cupandhandle.asp

First, looking at D1 chart we have and EW AB=CD pattern
snapshot


Here on H4 chart the the handle is just about to break.
Conservative traders may want to wait for confirmation above the level shown on chart.

I prefer to enter now since im based on long term analysis.

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