See daily chart of NZDCHF below for the discussion that follows.
NZDCHF broke support after consolidating for a while. It looks ready to resume the downtrend it was in before the consolidation. I will look to go short on a retest of resistance (prior support) if I see price action / candles as per my strategy.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.