Description
⋅ NZDCHF has formed a significant bearish engulfing on the daily time frame
Entry at the 50% retracement level has been perfectly rejected 3 times.
The bearish engulfing candle engulfed 5 previous candles.
The daily time frame bearish engulfing candle closed Wednesday.
SL set above engulfing candle high. TP set at 3X risk.