NZDCHF Same Bearish Outlook, Short Term Sell Setup

Similar like NZDUSD, we can also expect a bearish development on NZDCHF.

As usual, after an impulse phase, price formed a continuation correction to correct the impulse.

From the correction, there is a confirm impulse push down the price. This is good confirmation of bearish trend.

Now price has form another smaller correction,
watch for price to break out and look for lower time frame entries to sell to previous lows.

Kommentera:

Price indeed has pushed lower, very close to the bottom of the previous lows.