NZDCHF Sell Idea Update
Update for the Sell Idea that we are following from last week.
On the H4 chart we will have a second false break if the current candle closes 0.7067.
A break below the most recent trendline and the most recent low is what I am looking for on the H1 chart.
Look for a small correction after the breakout and then enter to increase the risk reward ratio.
Final Target 0.6920.
Protection above last high which is currently at 0.7103 or so.
Invalidation – break above 0.7103 before a triggered would invalidate this setup and we will look for entries higher.
On the H4 chart we will have a second false break if the current candle closes 0.7067.
A break below the most recent trendline and the most recent low is what I am looking for on the H1 chart.
Look for a small correction after the breakout and then enter to increase the risk reward ratio.
Final Target 0.6920.
Protection above last high which is currently at 0.7103 or so.
Invalidation – break above 0.7103 before a triggered would invalidate this setup and we will look for entries higher.
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