NZDCHF: BEARISH Market Analysis! Watching for REVERSALHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the NZDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
In higher timeframe , the market has been following a strong bearish impulse, currently in correcting movement, took out the previous swing with a nice possibility to see a market reversal.
In lower time frame many bearish confluences make us confident to be waiting for a good entry price. The market broke the first LTF structure and we would definitely try to take this opportunity!
When, where and why would we step into the market?
This a typical formation of the M pattern, usually a reversal formation.
Considering the overall bearish bias, we will be looking only for short position if further price action will form during the upcoming sessions.
Our first target would be the bottom of the structure and so on, lower swing if the momentum will be strong enough.
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Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
