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Nzdchfbuy

Bullish Cup and Handle Formation at NZDCHF 4H?Hey guys. I think the photo describe it best. Price has broken the upside area but currently retracing, perhaps due to US bank holiday yesterday. There's a potential Buy opportunity here. My target Entry zone is around 6860 which is the last swing high (higher low, HL). TAYOR Do share your thoughts in the comment section. All comments will be appreciated. Thank you. :-) KHALID HAMID of TFS PRICE ACTION TRADING, TradersAward Best Trading Guru (Malaysia) 2018
Long
by tfspriceaction
1
NZD/CHF - 100 Pips+ OpportunityNZDCHF has broken above the 50 and 200 EMA and has been in a consolidation for quite a while. As it finds its support and confirms it, we can expect a move higher up. This is a very probable continuation pattern. To be entered within the next 8-16 hours if everything goes as expected. *I'd personally let this short term push up happen and wait for the low test after it, which will confirm that it can't go down, to enter in the long term up move. *Keep in mind that if the low test fails, then we would love for either a complete reversal back down or simply a dip down for a push back up. The more data we get, the more confirmation we'll have as to what will happen. Trade safe.
Long
by MoolahMaker