DaniFXT

NZDCHF Short to the 38.2% Fib

Short
OANDA:NZDCHF   NZD/CHF
NZDCHF has been travelling in an upwards channel on the 4H chart and has been forming beautiful HH's / HL's without any drawdown past the trend. As the Channel's top Trend-line has been hit and we've seen signs of rejection I will be selling to the 38.2% Fib which would form a HL. The market is also at a high point close to the 1D Trend-line suggesting a rejection.
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.