girolamoaloe
Short

NZDCHF - I am ready to Sell on Supply Levels.

FX:NZDCHF   New Zealand Dollar/Swiss Franc
NZDCHF             is spiking and I am going to sell on the next Supply Level expecting the exhaustion of the bullish momentum.

The last Demand Level visible on chart pushed up the price strongly, taking out the lower supply.

Another thing that I take in consideration is also that the supply is around the top edge of the bearish channel .

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The expectation is to see a bounce back from the supply level . I drawn also a potential trading plan but it is only indicative and show just a potential trading scenario of many.

I marked on chart by arrows, some potential entries for sell trades and also for a buy trade.

What do you expect for this currency?

Thank you

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