CHFNZD Long Idea
Today, my attention was grabbed by a non-conventional pair- CHFNZD. It seems like it has just re-bounced from a major support level as can be seen from the screenshot. The daily candle is a bearish rejection- pinbar-like. It seems like a new bullish wave is about to form. I will be closely monitoring this pair for a retracement towards 1.4135 and a possible long entry. Stop-loss would be placed just under 1.4060. A good level for profit taking is 1.4280. Depending on price action, this pair may rise all the way up to 1.4900 (if market conditions are favourable).
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