MGYtrader

Confluence area

Short
MGYtrader Updated   
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Confluence area:
1.Weekly 50% fib
2.Daily 50% fib (different move)
3.Top hourly TL (black)

Entry:
1.Confirmation of Double Top
2.Break potential local channel (pink)
Comment:
Nice initial move, looks good for continuation.
Looks like Bear flag. (30m)

Comment:
Stop loss move to the Red line:

Trade closed: stop reached:
Close in very small loss
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