update on NZDCHF

the important intersection has been formed by the important lines, GREEN, RED and WHITE all acting as resistance.
the RED LINE is not only a strong S&R line but the 61.8 fib retracement of the wave AB as well.
the elliptic zone is very strong resistance and we expect to have a downward movement.
if the price crosses the zone upward and reaches the yellow line, we still expect short from there.
by the way, the pairs USDDKK has the same situation, but completely reverse.

good luck...

Komentar:

as we said in the description of the main idea, "if the price crosses the zone upward and reaches the yellow line, we still expect short from there."
keep ur eyes there for getting a short position. the important thing is the confirmation such as pin bar, engulfing, Doji and ... which should be given from 4H timeframe.