NZDCHF Short

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