Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
NZDCHF, BEARISH REVERSAL.
As we clearly see price around a massive resistance zone
Where we will be searching for new bearish reversal, however, and as we can see for now price is overall bullish.
For the bears to kick in we need a break below the structure, where the neckline is shown.
From a risk management perspective 1-2 Risk to reward ratio
Meanwhile and until that happens price can still dive higher before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!