COMFIRMED REVERSAL ON NZDCHF

Looking at NZDCHF from the daily timeframe we can see an impulse from 0.61300 to 0.62500 and the basic knowledge market price tells us that after an impulse there should be a correction at least to the 38.2% of the fib pulled on the impulse. In doing so we can see price got rejected at the 61.8% of the fib( GOLDEN RATIO). Further confirmation of bullish momentum was confirmed when price broke 4hr structure as we can see from the chart. Upon the retest of the structure we can move down to the smaller time frames to look for entry with TP at 0.63000.