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.

עסקה סגורה: הגיע לסטופ:

SL hit. To recover the loss, an opposing trade with a 1:2 risk to reward is a great idea.