Hello Traders! As earlier stated, I'd be posting my watchlist for the house and here's another one that I find really interesting. It is the NZDCHF pair, and here's how I'd be approaching it.
Chart below
Here's the H1 view of this pair and right now I'm keeping a bearish bias on this pair as we have seen the market break below our H1 ascending trendline, created a double top before the break and right now we're seeing a correction to the upside and I'm looking to catch a short out of this zone for a potential move to the downside with our first TP being somewhere around previous low.
We however have not seen a reason to go short yet, and until we do, this is just an analysis and you have no reason to act on it. Do Your Own Research.
Give us a LIKE and also FOLLOW us for more informative contents and trade calls.
Chart below
Here's the H1 view of this pair and right now I'm keeping a bearish bias on this pair as we have seen the market break below our H1 ascending trendline, created a double top before the break and right now we're seeing a correction to the upside and I'm looking to catch a short out of this zone for a potential move to the downside with our first TP being somewhere around previous low.
We however have not seen a reason to go short yet, and until we do, this is just an analysis and you have no reason to act on it. Do Your Own Research.
Give us a LIKE and also FOLLOW us for more informative contents and trade calls.