From the W1, the price is at decade support that has held 4 times since march of 2009. I believe that at these prices, trades will believe that NZDCHF is cheap and will start buying.
However from the D1, We see that momentum is still to the downside as price continues to form lower lows and lower highs confirming that price is to the downside.
On H4 which our entry timeframe, we want to see a break of structure before we take our entry or wait for price to retest previous support now resistance. If price fail to break above we can short
However from the D1, We see that momentum is still to the downside as price continues to form lower lows and lower highs confirming that price is to the downside.
On H4 which our entry timeframe, we want to see a break of structure before we take our entry or wait for price to retest previous support now resistance. If price fail to break above we can short