USDCHF Sell idea.
-Market has printed a kangaroo tail on the intraday level.
-Good bearish signal as a kangaroo tail signifies exhaustion
Characteristics of a kangaroo tail are;
1. Prints on a support and resistance zone
2. Long tail but small body
3. Bearish kangaroo tails should have their body in the lower third of the candle.
A stop loss is placed a few pips above the high of the KT.
-Good bearish signal as a kangaroo tail signifies exhaustion
Characteristics of a kangaroo tail are;
1. Prints on a support and resistance zone
2. Long tail but small body
3. Bearish kangaroo tails should have their body in the lower third of the candle.
A stop loss is placed a few pips above the high of the KT.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.