A PERFECT SWING!

٣ أغسطس ٢٠٢١

NZDCHF has been moving in a downward channel for the past five months, now since the price has reached a major level of structure at 0.63000 I believe it is finally time to break out of that channel and run a 600 pips milestone to the upward according to the 1.618 Fibonacci extension. There're plenty of chances to secure the buy entry, First I personally believe the price will return to 0.63000 to give a double bottom structure before going up again and it will also give a bearish structure (Say a falling wedge) after breaking the upper bank of the channel. all in all 600 pips are up for grabs.