NZDCHF – Short signal, in a clear bearish condition

Written by Raul Lopez on . Posted in Trades & Analysis. 1 Comment

The NZDCHF is trading in a very clear bearish market condition, it was rejected from an important ST resistance level and formed a significant pattern with downward pressure:

The market just triggered my short entry. Here are the details of my trade:

Entry: 0.6986
SL: 0.7027
TP: 0.6793

It has a pretty good risk-reward ratio.

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
  • Anonymous

    I note a ”gap ‘ down in the price couple of days ago on my charts, I think, possible this gap will be filled before the mkt moves down to your profit target level….

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