CollegeofPips

A potential Move of the NZD.CHF Pair to the 0.6240 Level ๐Ÿ”จ

ืฉื•ืจื˜
OANDA:NZDCHF   NZD/CHF
๐Ÿ’ก Trade Idea

๐Ÿ“‰ Sell Limit NZD/CHF @ 0.6319

๐ŸŽฏ Target Profit 0.6240

๐Ÿ›‘ Stop Loss 0.6351

โŒ Do not risk more than 1 % of your account on each trade

๐Ÿ™‚ Good Luck !

Description:
The price was in an upward movement but succeeded to breakout the white trendline to the downside by showing a double top. This common pattern indicates a potential reversal from an upward movement to a downward one. The pair currently is trading around the 0.6319 level, and we expect afterwards a downward movement to the 0.6240 level.

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