NZDCHF - Looking For Sell Setups ↘️

Jul 5, 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

NZDCHF has been stuck inside a range in the shape of a symmetrical triangle and it is currently retesting the upper trendline.

Moreover, the zone 0.557 is a strong resistance.

🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.

As per my trading style:
As NZDCHF is sitting around the red 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