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Raquelleuqar
Apr 26, 2020 11:07 AM

NZDCHF sell Short

New Zealand Dollar/Swiss FrancFXCM

Description

Down to support
Comments
Emekadavid
That pair has been in a range since April 13. Right now it is in a congestion zone. That means buyers and sellers are operating on a mean price. It could either breakout to the upside or downside when trading starts this week. What reasons are you giving for why you believe we should short when trading starts or you are just guessing?
Raquelleuqar
@Emekadavid it’s had lots of rejections also
Emekadavid
@Raquelleuqar, Not enough to make me want to short. I would rather remain on the sideline. Keep us updated. I would like to know how this pair turned out when trading starts. Talking about rejections, there were two recent rejections of prices to the upside and one recent bearish pin bar, which was a rejection of prices to the downside.
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