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NZD/CHF possible bullish reversal!

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Published: 14 Nov 2021 › Updated: 14 Nov 2021NZD/CHF possible bullish reversal!

NZD/CHF possible bullish reversal!

NZD/CHF 4 HOURS CHART

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NZDCHF is now trading near daily support, therefore we'll be searching for purchase setups on lower timeframes.

NZDCHF is creating an inverted head and shoulders pattern on M30, but it is not yet legitimate, so we are waiting for the right shoulder to appear. (Purple projection)

Trigger, > Waiting for the right shoulder to form, then buying after a momentum candle closes over the gray necklin.

Meanwhile, until the buy is activated, NZDCHF is still bearish and can move lower.

Best wishes!

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