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alejotrader92
5 de Feb. de 2019 19:55

NZD/CHF - Big trade oportunity Corto

New Zealand Dollar/Swiss FrancFXCM

Descripción

If we zoom in on the top of the trend, we are going to notice that the volume traded decreases as it goes higher (In fact, bearish candles have more volume).
We see a bearish engulfing candle right in the top of the trend which is a very strong reversal pattern. Price already reached the weekly trend-line (green) and it couldn't stay longer than 3 hours to consolidate above 0.6900. In fact, in 10 pips are not enough room to consolidate over there so there is a chance for a higher retest That's why I am considering a large SL. Finally, we are going to place our TP at the 0.382 which matches our weekly support.



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Operación cerrada: objetivo alcanzado

Take your profits and wait for the bounce to go short again.
Good luck with your next trades.
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