nzdchf making new lows in smaller time frames. got the potential to reach the selected area
I can see new highs in each wave which shows we might have long term view but in bigger time frames(weekly) we can see here we are close to reversal point. any way in 1 hour time frame here we see buyers struggle to go and break into upper areas.
buyers now mostly get out of their positions now that we have reached a sensitive zone. this might push the price lower
GBPUSD now reached a support and is now on a daily retest which I drawn on chart. might be going up from here.
The trend couldnt go upper than 154.180 and then we had a new low on 150.75 which shows we might have another bearish leg. In daily chart from beggining of the downtrend . We had 2 bearish impusle and 2 retrace movement and now Im ready to sell it here if the proper situation appears. Its going to be our third impulse here I think