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NZDCHF: Breakout Trade Explained
NZD/CHF
Long
NZDCHF: Breakout Trade Explained
By VasilyTrader
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Nov 29, 2022
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Nov 29, 2022
Hey traders,
NZDCHF reached a key daily structure resistance.
The price formed a doji candle on that and dropped, then, forming a bearish engulfing candle.
On 4H time frame, the price broke and closed below a support line of a rising parallel channel.
Now, we see its retest.
I expect a bearish move to 0.584 / 0.585
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Candlestick Analysis
forecast
Forex
Multiple Time Frame Analysis
NZDCHF
Parallel Channel
priceaction
priceactionanalysis
priceactiontrading
Technical Analysis
VasilyTrader
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