Bearish sentiment on NZDCHF
The sell setup on NZDCHF is backed by the following confluences-
1) Market Structure(BoS)
2) Supply
3) Imbalance
4) Liquidity
So patiently waiting to see a possible retracement back to the supply. If it does I’ll go further to the lower timeframe to look out for my confirmation Choch model of a- higher high, higher low, higher high and then an impulsive/aggressive lower low. If it emerges successfully, i look for my confluences of Supply, Imbalance and liquidity on the ChoCh structure. Place my entry on the supply and my profit target will be a 1:3RR.
Note: the market is all about probabilities which also makes my analysis a probability.
1) Market Structure(BoS)
2) Supply
3) Imbalance
4) Liquidity
So patiently waiting to see a possible retracement back to the supply. If it does I’ll go further to the lower timeframe to look out for my confirmation Choch model of a- higher high, higher low, higher high and then an impulsive/aggressive lower low. If it emerges successfully, i look for my confluences of Supply, Imbalance and liquidity on the ChoCh structure. Place my entry on the supply and my profit target will be a 1:3RR.
Note: the market is all about probabilities which also makes my analysis a probability.
Aviso legal
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