Strong weekly bearish closure
Daily chart - we are (still) in a uptrend and just retraced to 100% fib level (last place it can retrace too before breaking the structure), however we did gap on Sunday and the gap has not been filled yet, so can this go further down at least to fill the gap.
H4 -currently under a downtrend.
30m chart - downtrend, started...
Hello Traders ! 😎
Who doesn't love a SWING TRADE ? 🥰
So here we have a nice downtrend on the DAILY CHART.
The pair has been respecting the trend nicely, and we are expecting a drop of 470 PIPs during the next weeks.
Feel free to use this trade.
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ZIONTRADES TEAM 🦁
NZDCHF is showing further bearish potential. It’s moving to a somewhat solid point of support from which we may see price pullback to the marked region.
We may see price move bullish retest and then further move bearish.
I am waiting patiently for my ATR levels to be broken so I can look for potential sells from the retest of structure, this could be a great trade to start the week off. We will see a lack of volume in the markets today due to the US Holiday but fingers crossed this still goes in the desired direction.
According to COT data source - 60.2% short