NZD/CHF croke out of channel. There is the possibility that it is making an "A" wave leading diagonal, which would then correct upwards further correcting a 5 wave, or it could be making a wave 4 correction to go down. Considering how close to the low it came and the corrective price action it made, I feel like it will break it. I will update you if I happen to see a nice entry point in near future. Just keep in mind it is late in the week and this is a chiffy pair, best entry would be to see it start pulling back on 1 to 4hr making some correction and placing a sell stop below. At present moment it is in a downtrend, but be careful and safe. If you took my trades yesterday you are up more than enough pips and don't have to take any unnecessary risks.