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NZDCHF - Breakout Trade
New Zealand Dollar / Swiss Franc
Long
NZDCHF - Breakout Trade
By FinancialGamblR
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Dec 4, 2023
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Dec 4, 2023
I see an interesting reversal play to the upside on NZDCHF. This is a pure technicals play to trade the breakout on this week's session open.
Price fails to push to new highs and signal the start of a potential downtrend.
The massive selloff doesn't push price to new lows so we have a support formation.
Moving average crossover is an early signal that near-term momentum is picking up to the upside.
Upside breakout further supports... well, upside potential.
analysis
breakout
Candlestick Analysis
daytrading
Forex
Multiple Time Frame Analysis
NZDCHF
priceaction
Support and Resistance
trading
FinancialGamblR
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