NZD/CHF is currently in a strong bearish momentum and is looking for a break further below.
As we can see from the candlesticks on the 4H chart and 1H chart, it hasn't been able to find support.
As it breaks the current price consolidation area, we can see it go down 35 more pips.
This is a quick day trade. Risk no more than 1-2% and wait for enough confirmation.
The move is canceled if a candle on the 4H closes higher than the last 2 candlesticks.
Trade safe.
As we can see from the candlesticks on the 4H chart and 1H chart, it hasn't been able to find support.
As it breaks the current price consolidation area, we can see it go down 35 more pips.
This is a quick day trade. Risk no more than 1-2% and wait for enough confirmation.
The move is canceled if a candle on the 4H closes higher than the last 2 candlesticks.
Trade safe.
Note
Do not enter yet, give it until 9AM+ to confirm its weakness..Note
Move is canceled. No trades opened for now.
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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.
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.