IceColdMoneyMaker

[MM's daily technical Analysis] 09.22.2021 SHORT NZDCHF

Short
OANDA:NZDCHF   NZD/CHF
We have seen a relatively strong momentum to go short after multiple time testing area around 0.6560.

Following the candlestick pattern we believe the long red bar on the 21st which crossed the 20day EMA may indicate a beginning of a downward movement.

My own trading system Clam also indicate to go short so a trading idea has now been established to go short on NZDCHF.

ideal OP: 0.64860 SL:0.65840 TP: 0.62400
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.