New Zealand Dollar/Swiss Franc
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NZDCHF ____ INCOMING BEARISH MOVE

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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
https://www.tradingview.com/chart/GBPCHF/9k6ycqMb-GBPCHF-INCOMING-BEARISH-MOVE/
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