The beginnings of a trend? Short
New Zealand Dollar/Swiss FrancFXCM
Description
⋅ - Price has gone below the flag for more than a day. This may be a sign of a downtrend starting.
- A safe entry would be going short after the retest at 0.71609 area.
- The riskier position would be going long on the retrace (around 0.70453) and subsequently short to follow the trend.
- Hints would be based on D1 candlestick formation.