leanosamwinga
Short

NZDCHF Analysis (Sun 3 May)

FX:NZDCHF   New Zealand Dollar/Swiss Franc
This pair has been rallying quite noticeably but in the last two days of last week we saw a sell off. This sell off gave us two four hour closes beneath the ascending channel which is somewhat short confirmations. However we re playing patient again here. We cannot guarantee anything of course but we could see a retest form in the first trading day of the week. We can see many other pairs breaking out and possibly retesting the 61.8 but on this pair it looks to be a deep retest. Any other scenario wouldn't give a suitable risk to reward ratio, but this scenario has a classic 1:3.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out