TheSignalyst

NZDCHF Potential Bullish Movement

Long
FX:NZDCHF   New Zealand Dollar/Swiss Franc
NZDCHF Potential Bullish Movement

we are waiting for a momentum candle close above 0.5820 to buy this one

Reason:
1- Objective Trendline (in orange)
2- Objective Ascending Triangle (in blue)
3- Support Round Number from Daily (in purple)

Three confluences are enough to consider Buying NZDCHF, after a break below 0.5820 (in gray)

** unless price breaks below our lower blue trendline, then a downward movement would be expected before going up

This analysis is done using RichTL
www.RichTL.com

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