NZD/CHF has broken under the 50 ema on the 4H chart. As long as the 50 EMA holds as resistance, the push further below is active.
Wait for the close of the candle on the 8H chart. No trade has been opened yet. This is only an idea and expectation of what can happen. Therefore, we must wait until we have a good signal and confirmation.
That would be to open your position on Sunday EST time or Monday as it confirms its direction.
Trade safe.
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If you're worried that you're going to miss the move, open with half your usual size but make sure you leave your SL high enough. That is, above the last high after it broke under the 50 EMA on the 4H chart with a little bit of space to it.
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Don't forget to show your support and like and follow. I really appreciate it :)
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If NZD/CHF fails to break the 50 EMA on the 1H chart, then we can look for a short term buy back up.
Order cancelled
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Short trade was not taken since prices wouldn't hold under the 50 EMA on the 4H chart. Thus, a buy opportunity had presented itself.
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After the short term buy back up and prices coming back to the same level, a long term short which we were previously expecting but prices weren't as weak finally presented itself.