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Timonrosso
Mar 15, 2023 12:38 PM

TARGET HIT - NZDCHF take profit hit and now expect consolidation Short

New Zealand Dollar/Swiss FrancFXCM

Description

NZDCHF M Formation beautifully.
Price broke below and showed strong downside to come.
200 > 21 > 7 MA
RSI <50
Bearish
Target hit at 0.5632

SMC
Yesterday, there was a candle where there was sell side liquidity. This sweeped liquidity from shorters and sellers and now is the reason price is going up. We can expect chop for the next few days before we get a clear signal where to go.
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