NZDCHF: Bearish head & shoulders at daily resistance.

Jul 10, 2018

A bearish head & shoulders pattern is nearing completion at a daily resistance level. The daily chart has also closed as a bearish pinbar rejecting resistance. I'll wait for a break and retest of the neckline before selling. The 3 profit targets are based purely on structure. I'll most likely take all profit at the conservative target.

YEARN-FOREX

Jul 10, 2018

Note

Correction: The daily candle hasn't closed as a bearish pinbar, according to my definition, but has still closed rejecting resistance.

Jul 11, 2018

Note

Conservative target reached.

Jul 11, 2018

Note

Secondary target reached.