Note -NZDCHF showing signs of slowing down after intraday rejection of higher price (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT RESISTANCE -NZDCHF at long term resistance trend line -NZDCHF showing bearish divergence on 4H time frames -Stochastic severely overbought at resistance
Entry -Keep enough distance below the low of the reversal daily candle to confirm a transition of power from bulls to bears
Stop -Above the high of the reversal daily candle
Target -2 times stop
Risk Management -Risk 1% to 2% of capital -Ratio: 2:1