Timonrosso

TARGET HIT - NZDCHF take profit hit and now expect consolidation

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
NZDCHF M Formation beautifully.
Price broke below and showed strong downside to come.
200 > 21 > 7 MA
RSI <50
Bearish
Target hit at 0.5632

SMC
Yesterday, there was a candle where there was sell side liquidity. This sweeped liquidity from shorters and sellers and now is the reason price is going up. We can expect chop for the next few days before we get a clear signal where to go.

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.