TheTradersAvenue

NZDCHF > Shorting Opportunity!

Short
OANDA:NZDCHF   NZD/CHF
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Analysis of #NZDCHF

Here we have a rising channel formed at trend line resistance, this pattern usually a sign of change in direction of the trend or let me say a relief rally to the downside is expected, you can be aggressive and try to enter now, ad risk getting stopped out of the trade and try another time, or be conservative and wait for more accurate entry as confirmation of breaking to the downside, I will wait on this one as I have seen this pattern could go for more consolidation




> Please note the ideas is valid only if it happened as I said above

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Check today analysis below

Stay safe everyone
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Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**

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