Hello Traders, today I'm looking at the NZDCHF trading pair for possible shorting opportunities and here's why :
-We've seen the market react off a current supply zone and usually, for the demand and supply traders, a trading opportunity would have been right at that reaction/rejection.
-Although we missed the first entry, we see that the market formed a double top at the supply zone and the possibility of a pullback to say 50% fib level exist.
- If we get the pullback, then we would short to the next structure support level, keeping our RR at a minimum of 3.
Stay Reactive nonetheless.
-We've seen the market react off a current supply zone and usually, for the demand and supply traders, a trading opportunity would have been right at that reaction/rejection.
-Although we missed the first entry, we see that the market formed a double top at the supply zone and the possibility of a pullback to say 50% fib level exist.
- If we get the pullback, then we would short to the next structure support level, keeping our RR at a minimum of 3.
Stay Reactive nonetheless.