NZDCHF possible shorting opportunity, we have reached daily and 4hr resistance (supply) market has respected this zone a number of times previously, we also seem to be slowing momentum and showing rejection on the 4hr if we see a break of structure so a new lower low form and close on the 4hr which will then form this nice head and shoulders formation then we can be looking for a entry to short.
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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.