NZDCHF at a Turning Point: Bullish Breakout and Risky Setup?

17 апр.

NZDCHF at a Turning Point: Bullish Breakout and Risky Setup?

NZDCHF is on the verge of confirming a bullish Inverse head-and-shoulders pattern.
If the price moves above the neckline at 0.4870, the chances of an upward continuation increase, potentially solidifying a new bullish trend.

However, a major risk remains: The Swiss National Bank (SNB) continues to intervene in the Forex market, strengthening the CHF in ways that seem unpredictable.

Their unconventional monetary policy has often benefited Switzerland at the expense of other economies, and these interventions show little regard for market stability.

Should the SNB interfere, NZDCHF could experience a bearish wave, possibly when least expected. This adds a significant risk and uncertainty to this setup.

You may find more details in the chart!
Thank you and Good Luck!

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29 апр.

Сделка закрыта: достигнута тейк-профит цена