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AEFX786

NZDCHF Short (Sell) Trade Setup Idea

Short
New Zealand Dollar/Swiss Franc (FX:NZDCHF)  
AEFX786 Updated   
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Supply and Demand Support and Resistance NZDCHF nzdchfshort nzdchfsell nzdchfsignal nzdchfanalysis nzdchfsetup nzdchftrade
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trendanalysis supplyanddemand supportandresistance nzdchf nzdchfshort nzdchfsell nzdchfsignal nzdchfanalysis nzdchfsetup nzdchftrade
Price sliced straight through a sell zone where we were looking for a potential short and is now heading towards a slightly stronger supply zone. We wait to see if there will be good price action from this zone, signaling for a potential short opportunity. The two areas in the middle of lighter green are potential supports where you may want to book some profits but the stronger demand zone is at the very base of this move and would be our final targets.
Comment:
Anyone in this trade should consider booking partial profits here.
Comment:
Book 75-80% profits here and trail stop loss. My sentiment is to go long within the next 40-50 pips but it may turn sooner.
Trade closed: target reached:
TP4 Hit. Sorry this is a duplicate of another trade idea I published.
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