Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
As we look on the chart the pair reached a daily descending trendline and is near the 200EMA. We looking for a possible short position to the support before going up again.
WE CAN SEE DIVERGANCE IN RSI AND GOOD BREAK IN CCI AND DOBULE BOTTOM PATTERN THE ORANGE TARGET WILL BE TOUCH:)
Hi trades, Keep your eyes on lower time frame for price action and wait for your sell setup.
NZDCHF right at the upper band of the wedge formation on the last day of the month.
We can expect 5 weeks short cancle sticks :)
The pair broke Resistance level of 0.63933 which has now become a support Pair has good Risk Reward Ratio Use Risk Management Enjoy
Testing descending trend line and supply zone, potential short position.
Its Very High! Oscilators are showing that its too high!!! Im looking for a sell. and will draw a fib retracement from the daily bottom to the top and will find a take profit around the 50 percent retracent level for now. But its not a sell yet! We have to wait for some kind of entry!
Expected to move lower as supported by technical analysis
Sell : 0.6416 Stoploss : 0.6450 TP : 0.6317