Hi Traders! We have NZDCHF Bearish Opportunity Forming At The Moment. A detailed analysis of this sell setup is as follows:
NZDCHF H4 Chart:
On the H4 chart we have a bullish momentum and the price is currently moving higher. We also have a critical zone that has formed based on the fibo levels, which is slightly higher from the current zone. We may now expect pullbacks to happen from the current zone and once the pullback completes itself, we may then expect the price to provide one more push higher towards the critical zone. Once the price reaches this critical zone, we may then start looking for sells with bearish evidences.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.
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