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justinholtgrave

NZDCHF - 4H BEARISH ENGULFING SETUP

Short
New Zealand Dollar / Swiss Franc (FOREXCOM:NZDCHF)  
justinholtgrave Updated   
FOREXCOM:NZDCHF   New Zealand Dollar / Swiss Franc
Support and Resistance Candlestick Analysis Supply and Demand NZDCHF NZD chf Engulfing Candle support friday retracement
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supportandresistance candlestick supplyanddemand nzdchf nzd chf engulfingcandle support friday retracement
NZDCHF has formed a significant bearish engulfing on the 4 hour time frame.

The bearish engulfing candle engulfed 4 previous candles and closed at 8am CST Friday.

SL set at engulfing candle body high. TP set at 3X risk.

Sell limit set at 50% retracement level.
Trade closed: stop reached

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