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NZD/CHF SHORT FROM RESISTANCE

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New Zealand Dollar/Swiss Franc (FX:NZDCHF)  
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FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Chart Patterns Wave Analysis NZDCHF short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis nzdchf short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.529 area.

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Dagangan ditutup: sasaran tercapai:
That was an excellent trade and the target was reached too!
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Penafian

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