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AariTech
Jul 16, 2019 7:10 AM

Pullback expected - later awaiting breakout.  Short

New Zealand Dollar/Swiss FrancFXCM

Description

Price is nearing multidays long descending trendline where it is expected to find resistance and it may pull back towards ascending 4hr trendline which has been supporting its upside movement.

As we can see triangle pattern also , later we will be waiting for break out for confirmation of direction.
Comments
UZFX2019
So the price will go up to 0.66400 and drop after? Sorry I new to this.
Dave-FX-Hunter
I have same view
FxtraderItaly
Sell from high or from now ??
AariTech
@FxtraderItaly, hey , you can sell near 0.6640 or wait for breakout , price is expected to move lower if rejected by ascending trendline.
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