After reaching the 4H order block, NZD/CHF initiated a bearish momentum, signaling potential downside movement. On the 1H timeframe, we can observe a liquidity grab followed by a break and retest of the support-turned-resistance level, further confirming the bearish structure. This price action suggests continued selling pressure, aligning with the prevailing downtrend.
Trade closed manually
Trade of scratched after closing 70% of it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.