NZD/CHF Long-term Buy Opportunity
Very simple setup on NZD/CHF (Weekly Chart). Using only price action, NZD/CHF broke the descending channel and retested it with another descending which I expect to be broken for a great impulsive continuation to the upside.
My long-term target for this one will only be the 100% Fibonacci Extension at 0.70794. Breaking this level will push the price for more upside towards retesting the beginning of the big descending formation at 0.73000.
Good luck!
My long-term target for this one will only be the 100% Fibonacci Extension at 0.70794. Breaking this level will push the price for more upside towards retesting the beginning of the big descending formation at 0.73000.
Good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.