NZDCHF Watch for Reversal Bearish Price Action
Hello everyone:
NZD pairs across the boards can have the bearish reversal, and NZDCHF certainly is looking very clean for further downside.
We see price managed to break above the pervious swing highs on the higher time frame, but quick reverse down with a bearish impulsive on the LTF.
This is indicating a false breakout, and strong bearish momentum is coming into the market.
Latest price is showing us a LTF continuation flag/channel structure, very good indication for further downside opportunities.
Look for correction to complete and get in on the sell
Thank you
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.