NZDCHF is in an overall bearish trend with the 1 hour price action recently breaking the bullish trendline. Bearish trendline on the 3 minute time frame has been tested multiple times and has held every time. On the 3 minute time frame price is also trading under the 200 ema which can indicate bearish momentum. Market Execution sell with SL at previous high (1 hour timeframe)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.