SHORT NZDCHF
DISCLAIMER THE BELOW IS JUST MY IDEA TRADE AT YOUR OWN RISK
TECHNICAL
1.First we start with the four hour moving average ribbon of 50 high and 50 low we can see how it acted as resistance for price
2.The previous two weeks have been in a clear downtrend which is marked by the four hour linear regression channel, and price has touched the +2 standard deviation line.
3. Monday took out the high of the inside bar(last week Wednesday candle)
4. Today we have good accumulation of volume which is also overlapped with yesterdays
TECHNICAL
1.First we start with the four hour moving average ribbon of 50 high and 50 low we can see how it acted as resistance for price
2.The previous two weeks have been in a clear downtrend which is marked by the four hour linear regression channel, and price has touched the +2 standard deviation line.
3. Monday took out the high of the inside bar(last week Wednesday candle)
4. Today we have good accumulation of volume which is also overlapped with yesterdays
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