Bearish Setup on NZD/CHF by ThinkingAntsOk
4H CHART EXPLANATION:
We observe that price is on a consolidation after bouncing at the Resistance Zone. We know that near the breakout is the Support Zone at 0.61900, so, we will wait for a breakout of the Structure and also of the Support Zone to take a safer trade. The target of the downside movemente is the Daily Support Zone at 0.60700.
DAILY CHART:
We observe that price is on a consolidation after bouncing at the Resistance Zone. We know that near the breakout is the Support Zone at 0.61900, so, we will wait for a breakout of the Structure and also of the Support Zone to take a safer trade. The target of the downside movemente is the Daily Support Zone at 0.60700.
DAILY CHART:
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.