For this idea, I’m watching for a potential move lower in NZD/CHF if price maintains below the key resistance levels.
📉 Market Context:
The bearish trend remains intact, with price consistently failing to break higher and forming lower highs.
Key resistance is marked at 0.52233, where the stop-loss is positioned to invalidate the bearish scenario.
Price is currently consolidating just below a minor level at 0.51956, suggesting a potential continuation downward.
Targeting the next support level at 0.51400, a significant area where buyers could potentially step in.
🎯 Plan:
Entry: Looking for bearish momentum to hold below 0.51956.
Target: 0.51400, the next significant support zone.
Stop-Loss: Set at 0.52233, ensuring proper risk management.
🧠 Psychology Tip: "Clarity builds confidence." 📌 A well-defined plan reduces hesitation and helps you stick to your analysis. Focus on what the chart is telling you, and let the market come to you.
What’s your take on this setup? Let me know your thoughts below! 👇
📉 Market Context:
The bearish trend remains intact, with price consistently failing to break higher and forming lower highs.
Key resistance is marked at 0.52233, where the stop-loss is positioned to invalidate the bearish scenario.
Price is currently consolidating just below a minor level at 0.51956, suggesting a potential continuation downward.
Targeting the next support level at 0.51400, a significant area where buyers could potentially step in.
🎯 Plan:
Entry: Looking for bearish momentum to hold below 0.51956.
Target: 0.51400, the next significant support zone.
Stop-Loss: Set at 0.52233, ensuring proper risk management.
🧠 Psychology Tip: "Clarity builds confidence." 📌 A well-defined plan reduces hesitation and helps you stick to your analysis. Focus on what the chart is telling you, and let the market come to you.
What’s your take on this setup? Let me know your thoughts below! 👇
Order cancelled
No bearish momentum or potential at key levels. 
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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.
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.