Get started
CJBlueNorther

Potential Triple Top forming, could be bearish from here

Short
NZD/CHF (OANDA:NZDCHF)  
CJBlueNorther Updated   
OANDA:NZDCHF   NZD/CHF
Trend Analysis
8
0
trendanalysis
Price tested this current zone 3 times this week and couldn't push further. With XXXCHF pairs all being currently well overbought on higher timeframes, there is a possibility that this could be a point in which price retraces back down to the previous major resistance zone, which has now turned support. 0.55 would be a good place for price to retrace back to.
Comment:
Price nearly reach our target, so I went ahead and took profits.
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.