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NZDCHF Short with 4x Potential Reasons

Kort
New Zealand Dollar/Swiss Franc (SAXO:NZDCHF)  
NDOBObanks  
SAXO:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Chart Patterns Fundamental Analysis nzdchfshort NZDCHF nzdchfanalysis nzdchfforecast nzdchfsell priceactionanalysis nzdchfsetup nzdchfidea nzdchfsignal
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trendanalysis chartpattern fundamental nzdchfshort nzdchf nzdchfanalysis nzdchfforecast nzdchfsell priceactionanalysis nzdchfsetup nzdchfidea nzdchfsignal
Reasons:
1: Rising Wedge Breakout
2: Trendline Breakout
3: Key Level Breakout
4: Change in Market structure


Summary:
NZDCHF remains in an overall down trend despite the pull back which we consider to be a bear market rally.
We have spotted several price action patterns which signal the potential increase in strength of the CHF
currency which has resulted in the formation of this selling opportunity.
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