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jojofang0901

NZDCHF Watch for Reversal Bearish Price Action

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NZD/CHF (OANDA:NZDCHF)  
jojofang0901 Uppdaterad   
OANDA:NZDCHF   NZD/CHF
Chart Patterns Flag Parallel Channel priceaction structure pattern impulse correction Wedge
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chartpattern flagpattern parallelchannel priceaction structure pattern impulse correction wedgepattern

Hello everyone:

NZD pairs across the boards can have the bearish reversal, and NZDCHF certainly is looking very clean for further downside.

We see price managed to break above the pervious swing highs on the higher time frame, but quick reverse down with a bearish impulsive on the LTF.

This is indicating a false breakout, and strong bearish momentum is coming into the market.

Latest price is showing us a LTF continuation flag/channel structure, very good indication for further downside opportunities.

Look for correction to complete and get in on the sell

Thank you
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