NZDCHF - what's next
The NZDCHF just hit an important level and the previous support level could become the new resistance.
Momentum-wise, things are still looking more bullish than bearish but the market has put in a pause. Maybe due to BREXIT talks!? Many Forex pairs seem to be stuck in a range at the 4H timeframes.
As always, when the market is trading at those key levels, it is recommended to wait for a confirmed breakout and join the trend-continuation or wait for a confirmed rejection. I do not recommend trying to "predict" what COULD happen without seeing actual price action clues.
Momentum-wise, things are still looking more bullish than bearish but the market has put in a pause. Maybe due to BREXIT talks!? Many Forex pairs seem to be stuck in a range at the 4H timeframes.
As always, when the market is trading at those key levels, it is recommended to wait for a confirmed breakout and join the trend-continuation or wait for a confirmed rejection. I do not recommend trying to "predict" what COULD happen without seeing actual price action clues.
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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