NZDCHF Short Setup by ThinkingAntsOk

Use this as a guide to develop your setup.

Main items we can see on the 4hs chart:

a)The price failed to break the ascending channel (solid yellow lines)
b)The price Broke the inner ascending channel (yellow dash-dot lines) and made a re-entry to the white channel.
c)We will consider that as a failure of the bullish movement.
d)Currently, we can see a corrective structure below the inner ascending channel.
e)We have two targets for the bearish movement explained on the chart.