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.
הערה:
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.
הערה:
Price finally broke down the ascending channel. Now we should see another down impulse and short opportunity.
הערה:
On 15 minute time frame we can see leading diagonal in conjunction with very strong RSI divergence.
הערה:
Sell break out. Impulse on the way.
הערה:
Price completed rising wedge correction pattern at 61.8% retracement of previous impulse. Now we should see more down pressure and shotzing opportunity.
הערה:
4 hour time frame.
הערה:
Sell the break out.
הערה: