After the RBNZ's decision to hold interest rates at their current level, NZDCHF has approached the top of its relatively tight channel on the 4H chart while showing some bearish divergence on the 4H RSI.
I'm looking to get into a short with a pending Sell Limit order as shown down to the longer term trend support (lime green line).
R:R of position shown: 5.08
I'm looking to get into a short with a pending Sell Limit order as shown down to the longer term trend support (lime green line).
R:R of position shown: 5.08
Trade active:
Entered with sell limit as shown
Trade closed: stop reached:
Will look for another short opportunity at larger channel's resistance. I'll publish if it comes to fruition