NZDCHF - Bearish leg continuation?

2020-01-18 20:54:59

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

This is a simple trend-continuation strategy. After a week of bearish momentum, price reached a S/R level and retraced back up to retest another S/R level. Looking for bearish price action to signal a confirmation for another bearish leg towards the TP levels.

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

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