NZDCHF on bearish momentum by ThinkingAntsOk
Main items we can see on the chart:
a) The major structure is the white descending trendline
b) Currently, we can see the price inside a macro corrective structure (yellow channel) That is a correction of the previous impulse
c) However we can work inside that macro corrective structure, and we can see a minor corrective structure (purple channel)
d) We had a breakout of it, and we expect a continuation of the bearish movement, towards 0.59300 (the lower trendline of the macro corrective structure)
e) From there we will be paying attention for a reversal movement
a) The major structure is the white descending trendline
b) Currently, we can see the price inside a macro corrective structure (yellow channel) That is a correction of the previous impulse
c) However we can work inside that macro corrective structure, and we can see a minor corrective structure (purple channel)
d) We had a breakout of it, and we expect a continuation of the bearish movement, towards 0.59300 (the lower trendline of the macro corrective structure)
e) From there we will be paying attention for a reversal movement