NzdChf outlook Short

NZD/CHFOANDA

Description

⋅ Oct 25, 2020 7:23 AM

Exactly like its twin, AudChf, NzdChf is trading in a downtrend.
0.61 should provide strong resistance for this pair and a dive to 0.59 can have a 1:3 R:R
Sell rallies close to 0.61 is my strategy

Comments

VasilyTrader

⋅ Oct 26, 2020 10:21 AM

Very good analysis, my friend! Here is what I see:

ProjectSyndicate

⋅ Oct 25, 2020 9:15 AM

re-test of strong trendline and rejection.
yes, this setup can pay out nicely this week!

Mihai_Iacob

⋅ Oct 25, 2020 9:18 AM

@ProjectSyndicate, Yes, at 0.61 area I will look for entering short