NZDCHF – Purple War Zone!

NZDCHF – Purple War Zone!

NZDCHF is overall bearish trading inside the brown trendlines 

Moreover, the zone 0.650 is a strong support turned into a resistance.

So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)

NZDCHF Chart


As per my trading style:

As NZDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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