CollegeofPips

A potential Move of the NZD.CHF Pair to the 0.6240 Level 🔨

Short
OANDA:NZDCHF   NZD/CHF
đź’ˇ Trade Idea

📉 Sell Limit NZD/CHF @ 0.6319

🎯 Target Profit 0.6240

🛑 Stop Loss 0.6351

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:
The price was in an upward movement but succeeded to breakout the white trendline to the downside by showing a double top. This common pattern indicates a potential reversal from an upward movement to a downward one. The pair currently is trading around the 0.6319 level, and we expect afterwards a downward movement to the 0.6240 level.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.