strong possibility of reversal to the upside

NZD has reached a 2 year low and has consolidated, and the structure identifies a possible reversal to the upside SL just below the wick of the low @ 0.6300

Comment:

Not bad for the first day it tried to break the trendline and failed so far. but as long as its above the support of the (W) leg of the wave its still a valid set up. hopefully the NZD news in the coming days will give it a big push up.

Comment:

second day is amazing i think this will turn up heavily now in the next few days and weeks, its a perfect long term and short term trade . ive noticed all chf pairs were going to reverse but this one caught my eye cos its at a 2 year low so expect good gains : )