NZD/CHF Potential Upward

💡 Trade Idea

📉 Buy Limit NZD/CHF @ 0.6335

🎯 Target Profit 0.6428

🛑 Stop Loss 0.6304

❌ Do not risk more than 1% of your account on each trade

🙂 Good Luck!

The pair is trading within a bullish channel. A lower correction is expected towards the lower trendline of the channel where the buyers will emerge to push the price to the upside. We have a 61.8% pullback @ 0.6335 which indicates the downward movement is most probably finished.