Hi traders:
Here on NZDCHF, we have a nice continuation correction developing, and lots of room for downside move.
I see 2 possible scenarios, a) either price will move up once more to hit the top of the structure and complete the pattern before the drop, or
b) price broke out of this structure and continue lower, in which I will look for lower time frame correction to enter
Thank you
Here on NZDCHF, we have a nice continuation correction developing, and lots of room for downside move.
I see 2 possible scenarios, a) either price will move up once more to hit the top of the structure and complete the pattern before the drop, or
b) price broke out of this structure and continue lower, in which I will look for lower time frame correction to enter
Thank you
Note
Note
Price broke out of the correction, look for smaller correction on lower time frame for entries down to the lows. 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.