NZDCHF Looks Stretched
NZDCHF is overbought on the 1H. I'm looking for a pullback, not chasing it higher.
NZDCHF has been climbing but it's getting long in the tooth. The 1H chart shows overbought conditions, and I've seen enough of these setups to know the risk is to the downside.
I'm not interested in buying at these levels. If the pair corrects, that makes more sense to me. No need to pin a target — just staying short biased until the market proves otherwise.
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