Optimum369

20 Reasons for short NZDCHF

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Bear
2 📆Monthly: Bear
3 📅Weekly: Bear rejecters' last resistance
4 🕛Daily: Bull but a massive gap down reversal

😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bull
6: 2 Pattern Candle Chart: key reversal, gap-down, double top, bull trap, also major tf rejections
7: 3 Volume: dried
8: 4 Momentum UNCONVENTIONAL Rsi: range shift bullish to sideways
9: 5 Volatility measure Bollinger bands: squeeze started
10: 6 Strength ADX: sideways
11: 7 Sentiment ROC: CHF is always stronger then nzd

✔️ Entry Time Frame: h4
12: Entry TF Structure: Bullish wait for confirmation
13: entry move: sideways Narrow
14: Support resistance base: support at h4 OB AND FVG
15: FIB: wait

☑️ final comments: wait till confirmation
16: 💡decision: after confirmation, we go with bears
17: 🚀Entry: 0.5871
18: ✋Stop losel:0.5922
19: 🎯Take profit:0.5645
20: 😊Risk to reward Ratio:1:7
🕛 Excepted Duration:7 days

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