NZDCHF | BEARISH trade OPPORTUNITY 📉
- There's a solid chance for a short trade here.
- Multiple time frames show a downward trend, and a weekly bearish engulfing candlestick pattern is forming, indicating bearish power in the market.
- Closed bearish engulfing candle on the 1-hour time frame, it bounced off of a recent resistance area.
- In addition, NZD is being sold off by hedge funds, which is in our favor.
- Multiple time frames show a downward trend, and a weekly bearish engulfing candlestick pattern is forming, indicating bearish power in the market.
- Closed bearish engulfing candle on the 1-hour time frame, it bounced off of a recent resistance area.
- In addition, NZD is being sold off by hedge funds, which is in our favor.
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