Entering a 1:1 RR short position on NZDCHF.
Price is strongly bearish on the higher time frame as price has failed to break market stucture for several months now.
Clean head and shoulders pattern on the daily & H4 time frame as well as a clean retest and rejection of the descending trendline.
Note - HIGH risk trade since the monthly, weekly & daily candlestick are all bullish.
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Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.
Price is strongly bearish on the higher time frame as price has failed to break market stucture for several months now.
Clean head and shoulders pattern on the daily & H4 time frame as well as a clean retest and rejection of the descending trendline.
Note - HIGH risk trade since the monthly, weekly & daily candlestick are all bullish.
___
Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.