NZD/CHF Third Reversal in a Row, Starting New Bullish Trend
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We can find a triple reversal here on NZD/CHF. The price is behaving incredibly trendy and every time the price decided to go into a direction, it kept going in that same direction for a long time.
Now that the price has made an extreme move of 3.50% here in just 5 days time, we can see a first sign of a local bottom. If the price continues its new trend, we can expect a longer move to the upside of NZD/CHF, which is a scenario we can monetize using a long position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.