NZDCHF wait for larger correction to complete and short

Jun 16, 2020

Hi traders:

Here on NZDCHF, we have a nice continuation correction developing, and lots of room for downside move.

I see 2 possible scenarios, a) either price will move up once more to hit the top of the structure and complete the pattern before the drop, or
b) price broke out of this structure and continue lower, in which I will look for lower time frame correction to enter

Thank you

Jun 16, 2020

Note

Jun 18, 2020

Note

Price broke out of the correction, look for smaller correction on lower time frame for entries down to the lows.

Jun 19, 2020

Note