NZDCHF short, for 78 pips

6 thg 12, 2021

3 confluences on this trade: Bearish wedge, BOS and retracement into our golden zone on 4H, 5 long wicks rejecting the the top of the wedge on the 1H timeframe, as well as bearish engulfing on the 4H timeframe. Our EMA's were trying to tell us that price was in a range, however those 5 wick rejections on the H1 was more than enough confluence needed. We closed most our contracts at 78 pips, however price went on to push down for another 270 pips