Hi Traders! NZDCHF Sell Trade Idea update and follow up is here. On January 9th I shared with you this “Technical Analysis – NZDCHF Sell Trade Idea”. This trade moved perfectly as per our plan and provided us amazing profits and gets added to my list of successful trades. In this post lets do a recap of this setup and see how it has developed now.
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Now lets summarize the idea first:
NZDCHF D1 (Daily) Chart Analysis:
Bearish Divergence, Parabolic Sar
NZDCHF H4 (4 Hours) Chart Analysis:
Bearish Hidden Divergence
NZDCHF H1 (1 Hour) Chart Analysis:
Uptrend Line Breakout and RSI Trend Line Breakout
NZDCHF Sell Trade Provided Us Amazing Returns
On the H1 chart the price moved exactly as per our plan. After the breakout below the most recent uptrend line, the pullback that we were looking for happened and then the price moved lower exactly as we expected. We have collected amazing profits with this sell trade.
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If you have any further questions, don’t hesitate to drop a comment below!
Yours to success,