✅NZD_CHF is trading in a downtrend
And now the pair is retesting a falling resistance
Of the falling channel, so I am bearish
And am expecting a bearish move down
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Here is the top-down analysis for NZDCHF, feel free to request any pair/instrument or ask any questions in the comment section below.
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D1 - Special cycle completed, bearish divergence. Currently it looks like a retrace is happening.
H4 - Bearish hidden divergence.
H1 - Price has broken below the most recent uptrend line, we may now look for pullbacks and then sells with more bearish evidences.
D1 - Price is holding below the bearish trend line, until this trend line holds my view remains bearish here. Bearish Trend Pattern (3 Waves), ABCD Correction.
H4 - Price reached the resistance zone, weak new highs that retrace down
H1 - Bearish Trend Pattern, we may now look for pullbacks and sells with bearish evidences.
NZDCHF bounced off 0.63126 where it could potentially rise further to 0.63640.
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D1 - Potential double wave down, price still has room lower towards 61.8 fibo level.
H4 - Special cycle completed, we have two critical zones that has formed based on the fibo levels of the cycles.
Price has reached the second critical zone, bearish divergence.
We may now look for more evidences of bearish pressure and then start looking for sells.