NZDCHF - (D) IN TREND BEARISH ENGULFING SETUP
Updated
NZDCHF has formed a significant bearish engulfing on the daily time frame
Entry at the 50% retracement level has been perfectly rejected 3 times.
The bearish engulfing candle engulfed 5 previous candles.
The daily time frame bearish engulfing candle closed Wednesday.
SL set above engulfing candle high. TP set at 3X risk.
Entry at the 50% retracement level has been perfectly rejected 3 times.
The bearish engulfing candle engulfed 5 previous candles.
The daily time frame bearish engulfing candle closed Wednesday.
SL set above engulfing candle high. TP set at 3X risk.
Trade closed: stop reached
SL hit. To recover the loss, an opposing trade with a 1:2 risk to reward is a great idea.
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