Likely shape of the head and shoulders and with divergence RSI and Momentum.
But has not yet confirmed the continuation bearish .
i need close another daily close below 7775. and prefered to sell at this level .
target will be 7670 then faces Daily trend line break target will be 7525/55.
break 7775 target will be 7850 break and hold open target to 7890 and 7935...
The 78 level proved to be a significant one for NZDCHF, and for quiet some time the PA ranged in this slightly ascending wedge, providing opportunities for short-term scalping in both directions.
The break of lower TL was not a surprise but the U-turn @7746 and break of higher TL certainly was. Unfortunately, NZDCHF didn't have strength to stay above the higher...