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ForecastCity_ME
Jan 19, 2021 6:14 PM

πŸ’‘Don't miss the great sell opportunity in NZDCHFΒ Short

New Zealand Dollar/Swiss FrancFXCM

Description

β‹…
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.635).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.

Take Profits:
TP1= @ 0.6300
TP2= @ 0.6265
TP3= @ 0.6235
TP4= @ 0.6185
TP5= @ 0.6110

SL: Break Above R2

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Comments
yusufipek1989
β‹…
Nicely done bro
ForecastCity_ME
β‹…
@yusufipek1989, Thank you for your comment. We appreciate it 🌹
Mehmetozdemi
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You're the best. Thanks for sharing
ForecastCity_ME
β‹…
@Mehmetozdemi, Thank you for your comment. We appreciate it 🌹
AR_kooshani
β‹…
Good analysis, simple & clear.πŸ‘
ForecastCity_ME
β‹…
@AR_kooshani, Thank you for your comment. We appreciate it 🌹
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