NZD/CHF has a history of violent reactions in the .58120 area
4 times price has challenged this area, and 4 times the price reacted as violently in the opposite directions. I think its a great long term buying opportunity
my entry .59486
Price action has again touched the trendline from the end of last year
there has been 5 touches to this line this year each time price has turn around.
the TP may be a aggressive so i will monitor how the trade is progressing, may close out sooner if i see some bull fight as price gets close to the previous lows.
I believe that with the price failing multiple times at the .73558 area combined with the failed triangle only give credit to a USD gain on the NZD. looking for a bounce off the major trend line marked in red for a entry .72714 with a stop at .7293 and a target at .72000 since thats the next area of intrest.