Hi Traders! NZDCHF critical zone provides bearish opportunity for us. In the below video you will find a detailed analysis of this sell setup:
NZDCHF Daily Chart:
On the daily chart we have a critical zone that has formed based on the two trend lines and the strong resistance zone. Currently the price is nearing this critical zone, we also have hidden bearish divergence that has formed which we may consider as an evidence of bearish pressure. Hence everything looks good here for the bears and until the price holds below this critical zone, we may look for more evidences of bearish pressure on lower timeframes in order to join the bears.
NZDCHF H4 Chart:
On the H4 chart we have a critical zone that has formed based on the fibo levels of the cycles and the price is nearing this zone. Once the price reaches this zone, we may then look for evidences of bearish pressure and then start looking for sells.
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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