CADCHF Drops Large Rejection Signal @ Swing Level

A Battle Station signal alert come through this morning about a 12 hour and Daily bearish signal on EURNZD.

Taking a peak over at this market, the price action is setup nicely and in position for a nice sell trade.

CADCHF recently dropped into lower lows, showing bearish intent – now price has retraced and dropped a big rejection signal off the old support level as it acts as new resistance.

The next major support area falls a little way below, but if we can get a pull back entry from any retracements this session, there is plenty of room to the downside for 3x reward potential.

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