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NZDCHF Chart – Potential Bearish Reversal!

NZDCHF Chart – Potential Bearish Reversal! | FXMAG.COM
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NZDCHF is approaching a resistance area in green, so we will be looking for sell setups

on M30: NZDCHF is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it to consider it our trigger swing. (Projection in purple)


Trigger => Waiting for that third swing to form then sell after a momentum candle close below it. (Gray area)

Meanwhile, until the sell is activated, NZDCHF can still trade higher inside the green resistance, before trading lower.

nzdchf chart potential bearish reversal grafika numer 1nzdchf chart potential bearish reversal grafika numer 1

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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.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal


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