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NZDCHF - 4H BEARISH ENGULFING SETUP
New Zealand Dollar / Swiss Franc
Short
NZDCHF - 4H BEARISH ENGULFING SETUP
By justinholtgrave
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Updated
Oct 26, 2021
0
Oct 23, 2021
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.
Oct 26, 2021
Trade closed: stop reached
Candlestick Analysis
chf
Engulfing Candle
friday
NZD
NZDCHF
retracement
Supply and Demand
support
Support and Resistance
justinholtgrave
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