CHFUSD💥1H-TIMEFRAME ANALYSIS
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I expect the Swiss Franc/New Zealand Dollar goes up to my PRZ(Price Reversal Zone) and then reverse from that zone to the support zone.
🔅Swiss Franc/New Zealand Dollar Analyze (CHFNZD) Daily Timeframe ⏰.
🔴Price Reversal Zone (PRZ): 1.7375NZD - 1.7155NZD
🟢Support Zone: 1.6520 NZD - 1.6430 NZD
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After formation of bearish cypher the pricline of Swiss Franc has formed a bearish CRAB pattern.
RSI is overobught.
The MACD is turning bearish.
This is a good opportunity to short betwen 1.27 to 1.618 fibonacci.
The short position can be taken between:
0.99359 to 0.99720
Regards,
Atif Akbar (moon333)
