Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
NZDCHF has been overall bullish trading inside the blue rising broadening wedge. However, it is currently sitting around the upper trendline acting as a non-horizontal resistance.
Moreover, the green level 0.597 is a resistance zone.
on M30: Right Chart
For the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDCHF can still trade higher or even break the resistance zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on H4: Left Chart
NZDCHF has been overall bullish trading inside the blue rising broadening wedge. However, it is currently sitting around the upper trendline acting as a non-horizontal resistance.
Moreover, the green level 0.597 is a resistance zone.
on M30: Right Chart
For the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDCHF can still trade higher or even break the resistance zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT