NZDCHF - Potential rejection of pennant resistance 🔽
NZDCHF is testing the pennant resistance.
RSI printed a bearish divergence signal on 4H timeframe.
Bearish pin bar ( shooting star ) formed on daily timeframe.
The market is printing a rising wedge pattern.
Sell entry - price breakdown below wedge support + previous swing low ⬇️.
RSI printed a bearish divergence signal on 4H timeframe.
Bearish pin bar ( shooting star ) formed on daily timeframe.
The market is printing a rising wedge pattern.
Sell entry - price breakdown below wedge support + previous swing low ⬇️.