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Yearn-Forex

NZDCHF: Bearish head & shoulders at daily resistance.

Short
NZD/CHF (OANDA:NZDCHF)  
Yearn-Forex Updated   
OANDA:NZDCHF   NZD/CHF
Support and Resistance Multiple Time Frame Analysis Head and Shoulders
2
0
supportandresistance mtfa headandshoulders
A bearish head & shoulders pattern is nearing completion at a daily resistance level. The daily chart has also closed as a bearish pinbar rejecting resistance. I'll wait for a break and retest of the neckline before selling. The 3 profit targets are based purely on structure. I'll most likely take all profit at the conservative target.

YEARN-FOREX
Comment:
Correction: The daily candle hasn't closed as a bearish pinbar, according to my definition, but has still closed rejecting resistance.
Comment:
Conservative target reached.
Comment:
Secondary target reached.
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