laikos

NZFCHF: High risk entry for SHORT

Short
laikos Updated   
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Fundamental:
CHF: Still an easing currency for now. However, SNB meeting today might change the current policy
NZD: Easing currency with mostly weak data, and no new release scheduled for this week

Technical:
Price Action currently rejecting Fib 0.382 level, which is also the same as the weekly resistance level

Note:
Suggest to half your lot size due to SNB meeting today
Trade closed: stop reached:
Trade was going on the way but stop was too tight :(
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.