NZD/CHFLong
NZDCHF LONG
NZD/CHF Long:
The market is currently at a key daily demand zone on the daily charts. The reaction of the last few daily candles at that support level provides valuable insight into a potential trend reversal. Furthermore, as we shift our focus to the hourly chart, we observe a falling contracting wedge formation, along with a visible double bottom pattern within the wedge. Both patterns' neckline has been broken above and subsequently retested.
Entry: 0.5468
Stop loss: 0.5444
Targets: 0.5498 and 0.5533
The market is currently at a key daily demand zone on the daily charts. The reaction of the last few daily candles at that support level provides valuable insight into a potential trend reversal. Furthermore, as we shift our focus to the hourly chart, we observe a falling contracting wedge formation, along with a visible double bottom pattern within the wedge. Both patterns' neckline has been broken above and subsequently retested.
Entry: 0.5468
Stop loss: 0.5444
Targets: 0.5498 and 0.5533
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.