NZD/CHF short opportunity

Oscillating up-trend market
+3 S/R touches
Phase: Pullback
Decreasing momentum + Bearish candlestick
MACD Divergence
1:1 win ratio (TP @ 50 EMA support )

Order cancelled

Reason 1: It's not more than 1:1 win ratio
Reason 2: It's not possible to build a very clear resistance level
Reason 3: My trading instincts tells me that this setup is fishy.

Note

I had to sleep a bit and think a while about this setup and decided to place my entry order again. Regarding to Reason 1: My win ratio is almost 1:1, Reason 2: I watched the charts for a while again and now i have a clear resistance level.

Note

My new reistance level has the following position:
start: 0.69986
end: 0.67051

Trade active

Trade closed manually

I stick to my NZD/USD short setup now. Closed in profit of course.

Trade active

My decision changed before i closed my position. I continue to stick to this NZD/CHF setup for now.

Note

TP moved to @ 0.68809

Note

SL moved to @ 0.69852

Note

TP moved to @ 0.68817

Trade closed: target reached

maxg98

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maxg98