NZD/CHF possibility for short term sell orders

NZD/CHF 16.12.2016 D1 chart.

Consolidation and price in the upper part.

Price below diagonal and horizontal resistances – negative signal.

Three lower tops and lower bottoms – negative sentiment.

Technical indicators:

DeM(14) reverses from overboght market above 0,7 and croses below – sell

SL 0,7340

Alternative scenario price above the resistances will cancel the negative scenario.

Jr. Trader Nikolay Georgiev

 Varchev Traders

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