Since the start of the year, NZDCHF has been falling hard. The pullback started March, Im still expecting it to pullback.
No matter what happens, the dollar long-term is still bullish, it will only retrace. Bigger time-frames are important, Weekly and Monthly charts for long-term, Daily and 4H for medium term, when retracements happens, the market can't move one way up, the price must come down to move further up. I don't scalp, I'm a swing trader. I use 1H, 30M and 15M for entries.
If you sold EURUSD, you've been in profit. EURUSD is still a sell, look for an entry, might retrace a bit not much, I entered at 1.11780 and I'm still holding since yesterday TARGET 1.10000 .
Sell EURUSD if it breaks 1.11615 support TARGET 1.10000 EURUSD overall trend is still bearish. Longterm TARGET 1.03700 It might even break that level and create a new low since 2016 but its going to take time, might reach that level 2020. EURUSD has been bearish for a decade.
Look for short position this coming week of 08/12-16. It might retrace a bit but the trend remain bearish. July's monthly candle ended bearish so I expect more bearish for AUG.
it formed a shooting star on the daily chart. More bearish expected for Aug.