NZDCHF has a possible sell set up forming. This analysis is very similar to my USDCHF analysis. Price is currently in a descending channel and just like the other pair has great momentum to run to the upper trend line of the channel, which also falls in a PRZ. Just as my other analysis there are other variables that need to be known before entering this trade. Please see chart for full details. Thanks for checking it out, please comment and like. Best to you and your trading!
Comment:
This pair is is still on the watch list and the momentum is showing good signs of contiunuation to the PRZ.
Trade active:
First target met and looking forward to seeing target 2.
Trade active:
Trade is still active with active trailing stop.
Trade active:
Successfully hit and exceeded TP2. Trailing stop still active.
Trade active:
TP3 is in sights and trailing stop is still active.
