NZDCHF is currently making its way to the 618 fib where we are looking for a retracement back down to atleast the first structure level at 0.626.
Watching closely for rejection of our sell zone and lower timeframe bearish price action to indicate that the reversal is on the way.
Trade Idea:
- Watch for rejection of 61.8
- On lower timeframe watch for your...
- Price has rejected from a strong Daily Structure level.
- Made nicely Diagonal formation after corrective waves. How Index chart will help us ?
CHF = Bearish
XXXCHF = Long
CHFXXX = Short
