A potential Move of the NZD.CHF Pair to the 0.6240 Level 🔨
💡 Trade Idea
📉 Sell Limit NZD/CHF @ 0.6319
🎯 Target Profit 0.6240
🛑 Stop Loss 0.6351
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was in an upward movement but succeeded to breakout the white trendline to the downside by showing a double top. This common pattern indicates a potential reversal from an upward movement to a downward one. The pair currently is trading around the 0.6319 level, and we expect afterwards a downward movement to the 0.6240 level.
📉 Sell Limit NZD/CHF @ 0.6319
🎯 Target Profit 0.6240
🛑 Stop Loss 0.6351
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was in an upward movement but succeeded to breakout the white trendline to the downside by showing a double top. This common pattern indicates a potential reversal from an upward movement to a downward one. The pair currently is trading around the 0.6319 level, and we expect afterwards a downward movement to the 0.6240 level.
