NZDCHF - Purple War Zone!

28 mar 2022

Hello everyone, if you like the idea, do not forget to support with a like and follow.

NZDCHF is overall bearish trading inside the brown trendlines .

Moreover, the zone 0.650 is a strong support turned into a resistance.

So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)

As per my trading style:
As NZDCHF approaches the purple 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