ON THIS PAIR NZDCHF, I AM EXPECTING THIS TO MAKE SOME RAPID MOVED BACK UP IN THE NEXT WEEK OR SO. SEE ON SCREEN INTRUCTION PLEASE LIKE, FOLLOW AND COMMENT :)
Support on top of 50 EMA seems to have been found after having broken it on the 4H chart. If prices hold strong on top of the 50 EMA, we can see an upwards break of about 100 pips for the first wave. Trade safe.
The price made a Double bottom on the weekly support, broke the 4h downtrend line, broke the consolidation with a strong bullish push. I`m waiting for the price retraction to go long!
NZDCHF is showing a promising buy setup in the making. The price is now approaching a resistance that has been tested twice before. So statistically the chances of it breking are only increasing. Besides that we also see that Stoch indicator has lots of upwards momentum left. Possible target is 0.7776