NZDCHF Bearish Momentum Stronger, Look for continuations

Hello traders:

Last 2 weeks ago I was more looking at AUDCHF and NZDCHF that can start to have bullish reversal up move.

However, in these last 2 weeks, price failed to build up any bullish price action or momentum to the upside. Instead, it consolidates more.

This is usually an indication that there's a balance of buyer and seller currently in the market, and price tends to correct.

Now, if we look at how price has develop now, compare to Covid-19 in February 2020, we are basically getting the same development of the market.

If this current consolidation stands and we see price commit the further downside with lower time frame continuation correction, then watch for more sell opportunities down to the next swing lows.

Thank you

Yorum:

Price took a while to form this current correction
finally see some bearish impulse down,
wait for correction here before look for entry

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