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victor6
May 14, 2020 8:51 AM

NZDCHF ASCENDING TREND LINE BREAK OUT Short

New Zealand Dollar/Swiss FrancFXCM

Description

break below ascending trend line. Waiting for a strong close below 0.58 to take sell entry. Two take profits are set for this trade as price may retrace after hitting tp 1. Fundamentally the CHF appears stronger than the NZD as the markets move towards purchasing safe haven assets in light of covid-19 realities sinking in.

Comment


Daily chart view.
Comments
Dave-FX-Hunter
Im shortting this one too.
victor6
@DaweFXHunter, do you have similar take profit targets?
Dave-FX-Hunter
@victor6, Yes the lowest close on that pinbar around 0.55
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