NZDCHF Weekly Analysis, potential short reversal from 0.68500
Hi,
Throwing up another chart from my weekly analysis for any feedback.
A double bottom has formed around the 0.64000 level and is rising. IMO if price breaks through the 0.66600 level resistance should occur at 0.68500. I believe this would be a chance for a reversal set up if a bearish candlestick pattern formed. Eg: High test.
I would be looking to exit around the same level as the double bottom.
By the way I am beginning to analyse all my pairs on the Sunday before the trading week, so make searching for daily set ups more accurate and more efficient. Any advice on that is accepted too.
TIA!
Throwing up another chart from my weekly analysis for any feedback.
A double bottom has formed around the 0.64000 level and is rising. IMO if price breaks through the 0.66600 level resistance should occur at 0.68500. I believe this would be a chance for a reversal set up if a bearish candlestick pattern formed. Eg: High test.
I would be looking to exit around the same level as the double bottom.
By the way I am beginning to analyse all my pairs on the Sunday before the trading week, so make searching for daily set ups more accurate and more efficient. Any advice on that is accepted too.
TIA!
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