Interesting setup on the 4h chart for NZD/CHF with a potential shorting opportunity.
Price recently broke out of an ascending channel and has now formed a rising wedge indicating a move lower.
Upon a break and close below the trendline, I expect price to find support around 0.68100.
The purpose of this post is to highlight the key price structure within the market... Refer to this chart whether you're going long or short.
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Price recently broke out of an ascending channel and has now formed a rising wedge indicating a move lower.
Upon a break and close below the trendline, I expect price to find support around 0.68100.
The purpose of this post is to highlight the key price structure within the market... Refer to this chart whether you're going long or short.
Don't forget to follow me on social media for more investing related content :)
Comment:
Clean break of the trendline, expecting further declines.
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