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ProSignalsFx
Aug 4, 2020 11:19 AM

NZDCHF TRADING PLAN|SCENARIO BREAKDOWN  Short

FX:NZDCHF480
New Zealand Dollar/Swiss FrancFXCM

Description

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NZDCHF is trading on the edge of the key support area, while being pressed to the level, by the diagonal resistance.

Thus, there are two tradable scenarios:

1-Breakout downwards, pullback>>short.

SL above the support, TP on the chart.

2-Breakout of the diagonal resistance upwards, pullback>>long

SL below the support, TP on the chart.

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Trend AnalysisChart PatternsTechnical IndicatorsnzdchfshortNZDCHFNZDchfnewzealanddollarswissfrancsignalcurrency
Comments
Data_Block
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I think we might see a false break. NZD is actually on a bullish momentum.
ProSignalsFx
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@Juniorgh, lets see what happens to the diagonal resistance. So far unbroken
Data_Block
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@MountainTraderFX, Sure
Data_Block
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@MountainTraderFX, I guess it did now :-)
ProSignalsFx
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What do you think?
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