Reasons:
1: Rising Wedge Breakout
2: Trendline Breakout
3: Key Level Breakout
4: Change in Market structure
Summary:
NZDCHF remains in an overall down trend despite the pull back which we consider to be a bear market rally.
We have spotted several price action patterns which signal the potential increase in strength of the CHF
currency which has resulted in the formation of this selling opportunity.
1: Rising Wedge Breakout
2: Trendline Breakout
3: Key Level Breakout
4: Change in Market structure
Summary:
NZDCHF remains in an overall down trend despite the pull back which we consider to be a bear market rally.
We have spotted several price action patterns which signal the potential increase in strength of the CHF
currency which has resulted in the formation of this selling opportunity.