NZDCHF(WEEKLY): DOWNTREND
Updated
Overview: Downward trend into the range ABCD. Engulfing bearish candle breaking through support now resistance @ 0.68320 coupled with the double top pattern (depicted with green arrows) confirms the downtrend.
Speculation: A possible retracement into the resistance @ 0.68320 before the continuation of the rally.
A potential TP @ 440pips and SL @ 220pips
Speculation: A possible retracement into the resistance @ 0.68320 before the continuation of the rally.
A potential TP @ 440pips and SL @ 220pips
Trade closed: target reached
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