On a daily timeframe momentum meter, NZD seems to be recovering it's strength just as CHF is losing it's strength. We've seen NZDCHF take a monthly low liquidity to then retrace back and finish above the liquidity point, having a strong weekly close upwards after the previous week recording the lowest weekly close yet. I'm expecting to see a lovely intraday retrace back up after a retest downwards, we're looking for the retest to reject and show us a change of structure before taking this trade.
R:R 1:15
Trade safe.
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R:R 1:15
Trade safe.
Check us out elsewhere through the Linktree link in our bio.