asiansupermarket
Short

NZDCHF Test of short term top/resistance

FX:NZDCHF   New Zealand Dollar/Swiss Franc
28 0 0
As you can see short term momentum is up but we are hitting a strong long term resistance line which should send this pair back down.

Since we are against the momentum, I always like to put on a trailing stop near the halfway to TP. This locks in the gains and sets us up for the momentum shift once it runs out of steam.
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