NZD/CHF Break down 4H

90
Keeping it as simple as possible with a clean chart and good explanation. Hope you will enjoy and profit.

As I described in my previous analysis which is linked down below, on the higher time frame the pair is in a downtrend.

After a pullback on the 4-hour time frame, it can be seen that price has swiped the previous lower-high area and headed down and broke the ascending trendline. This indicates price can move down.

A good selling entry in my opinion is now because price gave a bearish engulfing candle on the 1-hour time frame just after testing both the new descending and old ascending trendlines.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.