USDCHF Sell idea.
-Market has printed a kangaroo tail on the intraday level.
-Good bearish signal as a kangaroo tail signifies exhaustion
Characteristics of a kangaroo tail are;
1. Prints on a support and resistance zone
2. Long tail but small body
3. Bearish kangaroo tails should have their body in the lower third of the candle.
A stop loss is placed a few pips above the high of the KT.
-Good bearish signal as a kangaroo tail signifies exhaustion
Characteristics of a kangaroo tail are;
1. Prints on a support and resistance zone
2. Long tail but small body
3. Bearish kangaroo tails should have their body in the lower third of the candle.
A stop loss is placed a few pips above the high of the KT.
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