NZDCHF retested weekly descending channel last week and formed head and shoulders pattern on H4
also failed to break above 61% fibo level
waiting for neckline break out
short term target is 38% fibo level that is last broken major resistance
long term target is bottom of channel
also failed to break above 61% fibo level
waiting for neckline break out
short term target is 38% fibo level that is last broken major resistance
long term target is bottom of channel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.