NZD/CHF
NZD/CHF has formed a Head and Shoulders pattern, it broke off the neckline earlier this week and seems to be heading for the usual Head:Neckline distance.
Entry to go long will be at point C of the second AB-CD pattern, which is also the support neckline, at price 0.7260.
Target to take profit would the Head-Neck distance and also the 2.24 CD extension at around [0.7400, 0.7420]
Keep an eye on the 3 indicators, wait for all three to reach the Overbought zone, which should fall around around the entry price anyway.
Good luck.
Entry to go long will be at point C of the second AB-CD pattern, which is also the support neckline, at price 0.7260.
Target to take profit would the Head-Neck distance and also the 2.24 CD extension at around [0.7400, 0.7420]
Keep an eye on the 3 indicators, wait for all three to reach the Overbought zone, which should fall around around the entry price anyway.
Good luck.
Penafian
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