NZDCHF ____ INCOMING BEARISH MOVE
Hello Guys,
If you have seen my analysis on GBPCHF (inserted below) you will notice how similar this analysis on NZDCHF is. Price is trading in a monthly supply order block and what we can also notice is that price is also trading in both a daily order block and FVG. I am bearish on NZDCHF but I am not in a hurry to jump into a short trade.
Price traded into the daily order block last trading week but failed to show a CHOCH on the 1-hour time frame or I should say, my preferred CHOCH.
I will be monitoring this pair this coming trading week to see if with will present a good 1-hour CHOCH to take the short trade.
Follow for more trade analysis and updates.
GBPCHF ANALYSIS
If you have seen my analysis on GBPCHF (inserted below) you will notice how similar this analysis on NZDCHF is. Price is trading in a monthly supply order block and what we can also notice is that price is also trading in both a daily order block and FVG. I am bearish on NZDCHF but I am not in a hurry to jump into a short trade.
Price traded into the daily order block last trading week but failed to show a CHOCH on the 1-hour time frame or I should say, my preferred CHOCH.
I will be monitoring this pair this coming trading week to see if with will present a good 1-hour CHOCH to take the short trade.
Follow for more trade analysis and updates.
GBPCHF ANALYSIS
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