«
»

NZDCHF – Short signal, in a clear bearish condition

The NZDCHF is trading in a very clear bearish market condition, it was rejected from an important ST resistance level and formed a significant pattern with downward pressure:

The market just triggered my short entry. Here are the details of my trade:

Entry: 0.6986
SL: 0.7027
TP: 0.6793

It has a pretty good risk-reward ratio.

Trade Safe!

Raul Lopez
Forex Training

Comment through Facebook

Tags:

This entry was posted on Wednesday, July 27th, 2011 at 9:39 am and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “NZDCHF – Short signal, in a clear bearish condition”

  1. Anonymous says:
    July 27, 2011 at 9:18 pm

    I note a ”gap ‘ down in the price couple of days ago on my charts, I think, possible this gap will be filled before the mkt moves down to your profit target level….