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glennmercer
Apr 5, 2017 3:52 AM

Bearish Kiwi vs Bullish Franc: Short to #cypher Short

New Zealand Dollar/Swiss FrancFXCM

Description

Hey traders, I like a short on this pair. I see a lot of potential downside for the Kiwi against potential bullishness in the Franc. Also, the wedge retainer and parallel channel resistance is strong and there is MA resistance on the 1H. Cheers

Trade active

Active last night. Cheers

Trade closed: stop reached

SL Hit after breakout of wedge. Heavily short AUD at the moment. Great risk-off moves after US/Syria news.
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