NZDCHF: Update - 4h chart
As I posted in the comments section of my monthly chart, this pair is in a potentially very strong downtrend.
We're looking at a complete 5 wave decline, with an apparent 3 part correction, which looks like a zigzag and could be complete.
I suggest watching price action at the open and waiting for confirming price action before taking a new short position.
Good luck,
Ivan.
We're looking at a complete 5 wave decline, with an apparent 3 part correction, which looks like a zigzag and could be complete.
I suggest watching price action at the open and waiting for confirming price action before taking a new short position.
Good luck,
Ivan.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
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.