NZDCHF: Long-Term Short Trend
Updated
NZDCHF Timeframe: 1D
Direction: Short
Confluences for Trade:
- Price action at Strong Resistance Trendline (Since Jan 2015)
- Price action at 61% Fibo retracement levels
- Gap between 8EMA and 50EMA too wide
- Stochastic Overbought momentum
Suggested Trade:
Entry @ Area of Interest 0.6825 - 0.6925
SL: 0.6998
TP: 0.6453
RR: Approx. 3.42 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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