Trade idea - NZDCHF Long
Updated
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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