NZDCHF-4H- Looking at bearish Shark
Pair shows formation and completion of extended shark pattern at 224 extension.
CD leg was forming an up-trending channel, which is now breaking out on the downside.
The lower time frame also shows the formation of 2618 trade setup.
RSi getting resistance at 60, shows more bearish behavior.
BB shows price getting pulled away from upper BB which indicates volatility divergence,
Looking for a reaction of 38.2% for now.
CD leg was forming an up-trending channel, which is now breaking out on the downside.
The lower time frame also shows the formation of 2618 trade setup.
RSi getting resistance at 60, shows more bearish behavior.
BB shows price getting pulled away from upper BB which indicates volatility divergence,
Looking for a reaction of 38.2% for now.
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