NZDCHF Bear Signal
Bias Bearish
Fundamental Analysis
NZD bearish data, CHF is holding strong awaiting for US change rates
Price Action:
Daily TF is bearish bias. The H4 TF has also change of character to bearish momentum. Currently price retesting the broken H4 support level. Price has rejected and broke in H1 TF support level. Price is heading lower. There was a cup and handle pattern.
Set up:
Short Setup at broken H1 support level (Neckline)
SL above the Swing high in H1 TF.
TP at next SR level R:R 1:4
Fundamental Analysis
NZD bearish data, CHF is holding strong awaiting for US change rates
Price Action:
Daily TF is bearish bias. The H4 TF has also change of character to bearish momentum. Currently price retesting the broken H4 support level. Price has rejected and broke in H1 TF support level. Price is heading lower. There was a cup and handle pattern.
Set up:
Short Setup at broken H1 support level (Neckline)
SL above the Swing high in H1 TF.
TP at next SR level R:R 1:4
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