NZD/CHF, 4HR, SHORTHi Traders,
Price is at a previous support and resistance zone which has been tested multiple times, wait for a bearish engulfing or evening star pattern on 4HR time frame, or a double top at a lower time frame. Once you get that confirmation it would be a good idea to go short and targets can be booked at next structure support 0.7000 and target 2 at 0.6960
GOOD LUCK!!
LIKE AND FOLLOW FOR MORE OF MY ANALYSIS
Nzdchfshort
NZDCHF Possible Sell Set UpPrice has formed a double top on the weekly and daily timeframe at a matching point with the weekly 61% fib (pink one) and monthly resitence (blue line) forming our matching point with a strong monthly PRZ and now price is retesting the 38% fib continuing the downtrend after the bullsih trendline break