ForecastCity
Short

Don't miss the great sell opportunity in NZDCHF

FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6125). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.

Take Profits:
TP1= @ 0.6070
TP2= @ 0.6040
TP3= @ 0.6005
TP4= @ 0.5965
TP5= @ 0.5935

SL: Break Above R3

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Comments

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+3 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thank you! We appreciate your comment.
+1 Reply
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+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thank you for your decent comment 🙇 . We're glad you like it.
+1 Reply
thanks for your ideas
+2 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, With pleasure!
+2 Reply
I think I'm gonna trade this one, thank you for sharing this Amazing content.
+2 Reply
ForecastCity Mesutkashmar
@Mesutkashmar, You're very welcome! Thanks for your comment.
+1 Reply
Love the clean analysis, very nice
+2 Reply
ForecastCity Shiva_forex
@Shiva_forex, Thanks for your feedback. We're glad you love it.
+1 Reply
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