NZDCHF has been in a clear cut down trend for some time. We have managed to create a triple top here at the highs. We are having a tight stop loss sitting above with lots of liquidity. However, this is a trend continuation trade and we expect price to return to the bottom of the lows. This is an excellent 1/5 RR on a higher time frame with some small pullback action on the LTF.
@Seansmith1 i got stopped out, however price action looks like it will retest .634. I would wait for shorts at 0.634 before shorting. the entire CHF and AUD market took a turn for me. id wait to see a reaction at 0.634