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TkCha
Feb 28, 2019 9:10 PM

NZDCHF Short Short

New Zealand Dollar/Swiss FrancFXCM

Description

This pair looks like it may still be heading lower. At the moment, we'll watch for a retracement to the .50% - .618% region of the fib levels.
If price does not break above the .618 fib level, watch for a confirmation candle to short this pair to 0.67600 - 0.67500 price level.
This idea will be invalidated, should price push above the .618 fib level.

Trade closed manually

Idea no longer valid
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