NZDCHF - Bearish Outlook

FX:NZDCHF   New Zealand Dollar/Swiss Franc
65 0 0
Two tails now at a major resistance. Seems like bulls are losing momentum. The 200ema is providing some support but hopefully wont hold. If price breaks below that then next major support is .7500.

High take profit trade and fairly long term. Be willing to hold for a few weeks for price to play out if necessary. But we also have a tight stop not too far away from the entry.

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