NZDCHF - (D) IN TREND BEARISH ENGULFING SETUP
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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.