NZD/CHF Long-term Buy Opportunity

75
Very simple setup on NZD/CHF (Weekly Chart). Using only price action, NZD/CHF broke the descending channel and retested it with another descending which I expect to be broken for a great impulsive continuation to the upside.

My long-term target for this one will only be the 100% Fibonacci Extension at 0.70794. Breaking this level will push the price for more upside towards retesting the beginning of the big descending formation at 0.73000.

Good luck!

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