From the weekly TF NZDCHF MKT, the MKT is in a downtrend but the MKT bought to the upside breaking the first Trend Line and at the moment its SELLING, and there is a up Fibo.
While from the Daily TF the MKT was SELLING and it makes the first Lower Low, but at the moment its retracing to the upside and it broke the CTL and I can see a down fibonacci.
But from the 4H TF the I can see a down MKT STRUCTURE (WAVE), and a down FIBONACCI that is in the same direction with the daily time frame but at the moment the MKT is in a SHORT TERM UPTREND and it broke the Trend line.
So the position I will like to take is a sell position, but the 4h TF is in a short term uptrend and have not hit fibo target yet where I will to like see Bearish CANDLESTICK Formation and a COUNTER TREND LINE BREAK TO THE DOWN SIDE.
While from the Daily TF the MKT was SELLING and it makes the first Lower Low, but at the moment its retracing to the upside and it broke the CTL and I can see a down fibonacci.
But from the 4H TF the I can see a down MKT STRUCTURE (WAVE), and a down FIBONACCI that is in the same direction with the daily time frame but at the moment the MKT is in a SHORT TERM UPTREND and it broke the Trend line.
So the position I will like to take is a sell position, but the 4h TF is in a short term uptrend and have not hit fibo target yet where I will to like see Bearish CANDLESTICK Formation and a COUNTER TREND LINE BREAK TO THE DOWN SIDE.