Trade idea - NZDCHF Long
4H
Inverse Head & Shoulders potentially in play.
Clear support & resistance zone is there.
Interesting scenario from a 1H perspective as well with an Inverse Head & Shoulders pattern as well.
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Confirmation to enter. Instant market execution Buy.
1.5% risk.
Inverse Head & Shoulders potentially in play.
Clear support & resistance zone is there.
Interesting scenario from a 1H perspective as well with an Inverse Head & Shoulders pattern as well.
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Confirmation to enter. Instant market execution Buy.
1.5% risk.
Note
WEEKLY
Inverse Head & Shoulders pattern can play out.
No break of last LH / structure before forming pattern.
Clear support & resistance zone is there.
Bearish W with solid sell zone also there from Weekly perspective, keep in mind.
Note
DAILY
Inverse Head & Shoulders pattern on Daily chart as well, aligning perfectly with the Weekly pattern & zone.
-27 Fibonacci aligning with entry zone.
Trade active
Trade closed: stop reached
Loss
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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.
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.