Time to Short NZD/CHF! The Bearish Trend Likely To Continue!
After my successful call of longing the NZD/CHF for forming new Lower High, I am now in favor of SELLING the NZD/CHF since it has created new Lower High
and now it will continue the bearish trend. Logic behind shorting are as following;
1, NZD/CHF has created good Lower High on Daily time frame and now it will continue the DOWNWARD TREND
2, The last candlestick is a Shooting Star Candlestick which shows that bears won the last day war and possibly will continue to win
3, The Price is likely to touch and even break 200 DMA since it has been below the 100 DMA for sometime now
Note: This is purely for education purpose. DO your OWN Research before any action.
Sell: 0.65050
SL: 0.65150
1st Target: 0.63900
2nd Target: Ride the trend
and now it will continue the bearish trend. Logic behind shorting are as following;
1, NZD/CHF has created good Lower High on Daily time frame and now it will continue the DOWNWARD TREND
2, The last candlestick is a Shooting Star Candlestick which shows that bears won the last day war and possibly will continue to win
3, The Price is likely to touch and even break 200 DMA since it has been below the 100 DMA for sometime now
Note: This is purely for education purpose. DO your OWN Research before any action.
Sell: 0.65050
SL: 0.65150
1st Target: 0.63900
2nd Target: Ride the trend
Trade closed: target reached:
TARGET REACHED! NZD/CHF SUCCESSFULY DONE AND DUSTED!
SHORT/SELL CALL WAS GIVEN WITH PROPER CHART ANALYSIS!
SELL WAS SUGGESTED AT 0.65050. TARGET ACHIEVED AT 0.63900!
YOU ALL MAY CLOSE THE TRADE NOW!
SHORT/SELL CALL WAS GIVEN WITH PROPER CHART ANALYSIS!
SELL WAS SUGGESTED AT 0.65050. TARGET ACHIEVED AT 0.63900!
YOU ALL MAY CLOSE THE TRADE NOW!