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TheSignalyst
Jan 23, 2023 2:20 PM

NZDCHF - Wait For It!⏰ Short

New Zealand Dollar/Swiss FrancFXCM

Description

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on H4: Left Chart
NZDCHF has been overall bullish trading inside the blue rising broadening wedge. However, it is currently sitting around the upper trendline acting as a non-horizontal resistance.

Moreover, the green level 0.597 is a resistance zone.

on M30: Right Chart
For the bears to take over, we need a momentum candle close below the last low in gray.

Meanwhile, until the sell is activated, NZDCHF can still trade higher or even break the resistance zone.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
AngLusRic
Is it still active coach ??
TheSignalyst
@AngLusRic, yes dear Richard, we are still waiting for the trigger by breaking below the last low in gray
AngLusRic
Alright boss
FOREXN1
Hi mate ! Great analysis here !
KlejdiCuni
The analysis is well-made, thanks for sharing.
Lingrid
Awesome chart
DeGRAM
Thank you. Great job.
Solldy
I don't think such a scenario is possible right now. In the current market, not all of the arguments described will work.
FieryTrading
Strong technical analysis🔥
basictradingtv
Totally agree, thanks!
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