NZDCHF Look for downside from the top of structure
Hi traders:
NZDCHF has good price action forming for further downside.
We see price broke out of the ascending channel and strong bearish impulse down.
Price then begin to form a deeper correctional structure for quiet some times now.
Last bit of price action shows price correctively move up to approach the top of the continuation structure.
I would look for breakout on the lower time frame to confirm the sell
Thank you
NZDCHF has good price action forming for further downside.
We see price broke out of the ascending channel and strong bearish impulse down.
Price then begin to form a deeper correctional structure for quiet some times now.
Last bit of price action shows price correctively move up to approach the top of the continuation structure.
I would look for breakout on the lower time frame to confirm the sell
Thank you
Note
Higher time frame:Note
Note
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Related publications
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.