NZDCHF - Start of bearish momentum?

PAIR IN FOCUS: NZDCHF
ACTION: SHORT
HORIZON: SHORT-TERM

With a possible delay in a trade deal, money will flow into safe haven currencies such as the CHF, which was evident in the couple of days where most XXXCHF pairs melted. For this pair, we can see that price has possibly formed a double top pattern, and has broken down a support / resistance level. It looks to have retested it, and ideally looking for a another retest before heading down. Watch out for bearish price action before and short entry.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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