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Forex48_TradingAcademy

NZDCHF SHORT TRADE

Short
NZD/CHF (OANDA:NZDCHF)  
Forex48_TradingAcademy  
OANDA:NZDCHF   NZD/CHF
Trend Analysis Chart Patterns Fundamental Analysis short setups demadn Supply Zone dollar USD chf
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trendanalysis chartpattern fundamental short setups demadn supplyzone dollar usd chf
On NZDCHF, I have identified a supply zone in which the price has bounced multiple times without breaking through. As the price went down, it created a demand zone which it used as a support level. In fact, the price has been ranging during the past week. Today, I noticed a break of the lows within the demand zone, so I will proceed to use this zone as a potential entry point.

Let me know what you think.

Good trading to all.
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