Pattern meets the requirements to complete the bullish structure accordingly, right now I am waiting for a bearish retracement before I go long on this one
D1 - Potential double wave down, price still has room lower towards 61.8 fibo level.
H4 - Special cycle completed, we have two critical zones that has formed based on the fibo levels of the cycles.
Price has reached the second critical zone, bearish divergence.
We may now look for more evidences of bearish pressure and then start looking for sells.
Buy Area 0.6770 1st Take profit 0.6825 Breakout this level another buy 0.6837 take profit 6920 area
Other side of Sell Area 0.6730 take profit 0.6610 area
Hi guys,
I am currently short on NZD/CHF.
It looks like the former support was broken, a pull-back occurred and it looks like price is going to fall @ at least the previous support.
My target is 0.67240-ish.
Trade with care.
Best,
Jesse
entry on continuation down. Primarily looking at super guppy in changeover state of grey. TSIs and RSI, RVI, and 10/5 all painting bearish. Also put entry 36 pips above market entry. ATR 74 for SL/TP.
I've been shorting this one on the pull backs. On the 4H, daily and Weekly it's still looking bearish. My ultimate goal is to short until .66212, but we will see how it plays out over the coming weeks.
There isn't much daily volume behind any upward movement which is normally required for a strong upwards trend, I think it will go back down in the near term.
