NZFCHF: High risk entry for SHORT
Fundamental:
CHF: Still an easing currency for now. However, SNB meeting today might change the current policy
NZD: Easing currency with mostly weak data, and no new release scheduled for this week
Technical:
Price Action currently rejecting Fib 0.382 level, which is also the same as the weekly resistance level
Note:
Suggest to half your lot size due to SNB meeting today
CHF: Still an easing currency for now. However, SNB meeting today might change the current policy
NZD: Easing currency with mostly weak data, and no new release scheduled for this week
Technical:
Price Action currently rejecting Fib 0.382 level, which is also the same as the weekly resistance level
Note:
Suggest to half your lot size due to SNB meeting today
Trade closed: stop reached
Trade was going on the way but stop was too tight :(
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.