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Malika_Analysis

NZDCHF TO RESTEST AND FALL AGAIN

Short
New Zealand Dollar/Swiss Franc (FX:NZDCHF)  
Malika_Analysis  
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Chart Patterns Wave Analysis NZDCHF nzdchfshort nzdchflong nzdcusd nzdchfanalysis nzdchfforecast
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trendanalysis chartpattern waveanalysis nzdchf nzdchfshort nzdchflong nzdcusd nzdchfanalysis nzdchfforecast

NZDCHF - Price moved bearish and the corrected in a flat manner before breaking bearish again. Price is showing potential to hold on the support i have marked and then retrace at least 50% of the bearish move from when it broke from the flat correction before falling again.

Entry - Grey line
Take profit - Green line
Stop loss - Red line
Risk to reward - 1:2

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