Hello Traders,
This pair has rallied for the longest, however, last week it printed a bearish CHOCH on the daily timeframe.
My speculation is for price to trade into the orderblock it created and continue the bearish move. Once price trades into the orderblock, I will go into the 1-hour timeframe to watch for a CHOCH before going short.
See the analysis of correlated pairs below: NZDCHF & NZDSGD
Follow for more updates like this
NZDCHF ANALYSIS
https://www.tradingview.com/chart/NZDCHF/6J9eGc0l-NZDCHF-INCOMING-BULLISH-RALLY/
NZDSGD ANALYSIS
https://www.tradingview.com/chart/NZDSGD/P4v27Moh-NZDSGD-INCOMING-BULLISH-RALLY/
Cheers,
Jabari
This pair has rallied for the longest, however, last week it printed a bearish CHOCH on the daily timeframe.
My speculation is for price to trade into the orderblock it created and continue the bearish move. Once price trades into the orderblock, I will go into the 1-hour timeframe to watch for a CHOCH before going short.
See the analysis of correlated pairs below: NZDCHF & NZDSGD
Follow for more updates like this
NZDCHF ANALYSIS
https://www.tradingview.com/chart/NZDCHF/6J9eGc0l-NZDCHF-INCOMING-BULLISH-RALLY/
NZDSGD ANALYSIS
https://www.tradingview.com/chart/NZDSGD/P4v27Moh-NZDSGD-INCOMING-BULLISH-RALLY/
Cheers,
Jabari
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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.