NZDCHF - H4

In the pair of NZDCHF currency in 4-hour time frame, we see the price falling. For this analysis, we first draw the price movement channel. To draw this channel, first find 2 price ceilings and draw the relevant line. Then to draw the second line of the channel from the lowest point of the line parallel to the top line. In the following analysis, we see that the price has formed a pivot. Using the ceiling points, we draw the ceiling of the fork. For the downside target, we specify the price of 0.6023, which is where the middle line of the fork meets the channel floor.



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