NZDCHF structure
Two possible outcomes of price action inside of ascending channel. If price continues with up trend there will be long opportunity at the bottom of regular flat correction. If price breaks ascending channel I will be looking for short entry.
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This is monthly view of NZDCHF. We can see that price is making down moves so this could be potentialy end of side ways correction and start of new impulse to down side.
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Price finally broke down the ascending channel. Now we should see another down impulse and short opportunity.
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On 15 minute time frame we can see leading diagonal in conjunction with very strong RSI divergence.
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Sell break out. Impulse on the way.
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Price completed rising wedge correction pattern at 61.8% retracement of previous impulse. Now we should see more down pressure and shotzing opportunity.
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4 hour time frame.
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Sell the break out.
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