munyaelliott

NZD/CHF DAILY TIMEFRAME SHORT

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
NZD/CHF currency pair is moving in a gradual downtrend, making lower highs and lower lows. We can expect price to make a corrective structure and creep higher towards the 0.6700 area, before reversing and continuing with the current trend. We will wait for price to blow of some steam and slow down before we consider any shorting opportunities. Prices can also move closer towards the trendline, before resuming the downward trend. Always follow price and don't try to be a wizard. If wizards exist, then i am certainly not one of them.

Comments

nzdchf looks good to follow as a pair, my view
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munyaelliott transparent-fx
@transparent-fx, Thanks for your comment.
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