The Kiwi has been on a surge recently and the Swiss Franc has weakened, however a potential H&S (my favorite low risk trading pattern) has been spotted.
A small trade could be placed below the neckline for an initial target of the missed/current weekly pivot with a potential for price to extend further to the previous weekly pivot which would not breech the previous higher low (long term trend remains north!)
A small trade could be placed below the neckline for an initial target of the missed/current weekly pivot with a potential for price to extend further to the previous weekly pivot which would not breech the previous higher low (long term trend remains north!)
Comment:
This is now really playing into its element and with a weak NZD from the recent dairy auction prices and employment figures I suspect this will now head towards my initial target
