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VladimirRibakov
Jul 26, 2017 12:43 PM

NZDCHF Sell Idea Short

NEW ZEALAND DOLLAR / SWISS FRANCICE

Description

D1 - Price is moving at the top of the range and potential bearish divergence forming.

H4 - Price is at the top of the range where we also have a magnet zone. We also have a bearish divergence that has formed. If a reversal doesn't happen here then we may expect the price to move higher and reach the second magnet zone and a reversal to happen from there.

We will be looking to sell near the top of the range if we get a false breaks again, and then break of the most recent up trend line.
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