NZD/CHF LongHello there !
Seems that pair NZDCHF has already broken the trendline and then possibly will continue the uptrend . I have a bias also that there is a Head and Shoulder pattern being formed , so for that reason i think pattern will continue to be completed.
My targets are : 0.6005 / 0.6040 / 0.6070 , meanwhile my stop loss is 0.5824 .
Good luck !
Nzdchfbull
NZDCHF: there is the potential to go back upcan be observed with the formation of existing flags visible, it can be indicated that the price will return to move upwards. If we look at the supply and demand, it can be seen that the price is already there to react to the demand area, then the potential for a return to rising will still be there.
in the formation of the existing structure is created, with the formation of this flag then the potential for impulsive movement again due to a small decrease in the current that has occurred indicates this is only as a corrective movement only to resume the movement to go up.