NZDCHF failed to continue higher, expect reversal down
Updated
Hi everyone:
Similar like other AUD pairs where price had a bullish push up, but failed to create continuation structure to resume.
Instead, we are seeing across the market that a bearish reversal may happen in the coming days/week.
Here on AUDCHF, price formed that double tops, and we see the LTF bearish push down.
Key here is to see this small correction forming on the LTF, and look for the sell entries down to the lows.
Thank you
Similar like other AUD pairs where price had a bullish push up, but failed to create continuation structure to resume.
Instead, we are seeing across the market that a bearish reversal may happen in the coming days/week.
Here on AUDCHF, price formed that double tops, and we see the LTF bearish push down.
Key here is to see this small correction forming on the LTF, and look for the sell entries down to the lows.
Thank you
Comment
LTF correction completes, look for further downside.
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