NZDCHF - SELL
A trade I am currently holding.
Key Points:
- Overall down trend on the pair across 1h - 1D charts in line with the 200 day EMA.
- Bearish flag pattern formed
- Entry was triggered when [rice broke the support level of this flag acting as an indicator for continued bearish movement
- MACD also showing confluence with further bearish movement
A nice simple set up here - lets see what happens!
Key Points:
- Overall down trend on the pair across 1h - 1D charts in line with the 200 day EMA.
- Bearish flag pattern formed
- Entry was triggered when [rice broke the support level of this flag acting as an indicator for continued bearish movement
- MACD also showing confluence with further bearish movement
A nice simple set up here - lets see what happens!
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