NZDCHF SHORT TERM SETUP
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From the weekly view, this pair is in a downtrend where red line indicated.
As we can see from the daily perspective, price was rejected around 0.6165+- few times as indicated by white line.
I would more interesting in:
sell limit around 0.6165+- around daily key level resistant and below weekly downtrend line (red) and;
Sell order around 0.6080+- after sell confirmation (strong bearish closing candle) if occurred by Monday or Tuesday.
Short term tp 0.60292
Mid term tp 0.5965
Setup strategy: SELL LIMIT or Sell
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
As we can see from the daily perspective, price was rejected around 0.6165+- few times as indicated by white line.
I would more interesting in:
sell limit around 0.6165+- around daily key level resistant and below weekly downtrend line (red) and;
Sell order around 0.6080+- after sell confirmation (strong bearish closing candle) if occurred by Monday or Tuesday.
Short term tp 0.60292
Mid term tp 0.5965
Setup strategy: SELL LIMIT or Sell
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
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