NZDCHF LONG
We can see that we have broken out of the downtrend and we retested the 50 FIbonacci level. If you're to check the weekly timeframe, the market is currently done retesting the major downtrend that was broken out of. I am looking at 0.67314 as my upside target temporarily before we get confirmation on whether or not the market is going to break out of the current uptrend (Black ascending channel) as shown in the analysis.
Trade wisely and let's watch the market play.
Trade wisely and let's watch the market play.
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