3 reasons to look for reversal in this pair
After successful short trade we took at the Elite Zone based on the Gartley pattern, I'm now looking for reversal in $NZDCHF.
The Gartley reached both of its target levels and now the price is at interesting, possible support, zone.
1. Bullish AB=CD pattern completion
2. Structure level
3. 61.8 Fib level
These 3 technical reasons may be good enough to look for reversal in this beaten pair.
We have to remember that unlike in the $NZDUSD, the Swiss bank will not allow the CHF to get stronger than other currencies.. They made it very clear.
The Gartley reached both of its target levels and now the price is at interesting, possible support, zone.
1. Bullish AB=CD pattern completion
2. Structure level
3. 61.8 Fib level
These 3 technical reasons may be good enough to look for reversal in this beaten pair.
We have to remember that unlike in the $NZDUSD, the Swiss bank will not allow the CHF to get stronger than other currencies.. They made it very clear.