Overall bearish structure
Testing a descending for a while
price cant break it and small ascending channel is formed which shows bearish move
wait for break of the channel
Price action at its finest shape and form and previous data giving extra confidence
After an Impulse move to upside and breaking a 4H zone ,the price is currently moving in a extended descending channel or bullish correction before moving more to the upside. While analysing previous weeks price movement we can see a very similar extended bearish correction at the...
NZDCHF has been moving in desceneding channel after the impulse down push price has found a low and started to push upwards and broken first structure and retested in 4hr. In 1hr bullish momentum is visible and in 15 min a small downward trendline has broken and its retest area also corresponds with 1hr structure retest area. Also huge imbalance to fill created...
