Middle term trade to re-test the top

15 Eyl 2017

NZDCHF

Because the pattern is not finished yet, so many forecasts that price can develop. I hope it break the top first then pattern is completed. That's time to look for sell only.


But somehow, it's not. Many many thoughts about how it develop in future but all of them, from my perspective, will go down first. Thus, I look for buy setups in next couple weeks.

1. They broke the trendline and look like making the correction then go all the way to the top (orange moves).
2. Or they roll back slowly to these lows as blue and green ABC patterns then start to move up to re-test the top.


But, does the big impulse, which I expect, need to touch the top before going all the way down? It's not. So keep eyes on it if they do this.