Lower High made. Bearish continuation. Short.

11 Jul 2018

NZDCHF was emphatically rejected today near 0.6800 creating a new Channel Down on 4H (Highs/Lows = -0.0022, B/BP = -0.0038, ADX = 38.054). The imposing long term trend is bearish anyway within the larger 1D Channel Down (RSI = 40.209), which near its median is on neutral Williams, CCI, Highs/Lows. This will either pull the price lower starting now, or near 0.68400. We are already short (TP = 0.66892, 0.66262 in extension) and will add an additional short near 0.68400 if needed.