Should we break above 7654.8 price level it's a good buy but right now we failed to break the trendline. When we break the neckline and trendline make sure the 4h and 1d candles closes above the 7654.8 price level.
Falling Wedge has been broken and now we are testing neckline as enclosed. This is a good long opportunity, basically CHF falling against most of the major currencies so the correlation is also good confirming a buy opportunity.
NZDCHF weekly/monthly formed a falling wedge indicating a buying opportunity and there is no room for anymore of consolidation within the wedge so after this low or testing on support trendline we should go for a break.
Also see my previous post about a buying opportunity on 4H or D1 which is as a result of a harmonic pattern BAT, All the time frames from a long...
NZDCHF D1 is on a support level with a good buying opportunity supported by a BAT pattern.
If you also go onto weekly/monthly timeframe/s you will notice that there is a falling wedge and currently NZDCHF is on the Wedges support trendline.
