NZDCHF MTF Fakeout Play
- Pretty strong conviction here as I'm seeing a false breakout on the daily level.
- Price traded above the 0.65 level for a day and failed to hold above it. It traded right back below this level with equal strength on the following day.
- Over on the 4-hour timeframe, the upside is exhausting so I am expecting downside momentum to pick up.
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.