Hi traders:
NZDCHF structurally is still bearish on the higher time frame.
We did see a confirmation structure and price dropped down from my previous analysis. However it did not hit the bottom of the structure, then retrace back up.
Whats important is that the larger continuation structure is still valid, price managed to move up to form a recent double tops, then drop down.
Last bit if price action I do see a continuation correction, an ascending channel structure.
Look for sell to continue downside to the lows of the larger structure.
Thank you
NZDCHF structurally is still bearish on the higher time frame.
We did see a confirmation structure and price dropped down from my previous analysis. However it did not hit the bottom of the structure, then retrace back up.
Whats important is that the larger continuation structure is still valid, price managed to move up to form a recent double tops, then drop down.
Last bit if price action I do see a continuation correction, an ascending channel structure.
Look for sell to continue downside to the lows of the larger structure.
Thank you
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