NZD/CHF Trade Setup: Long from Key SupportNZD/CHF is currently bouncing off a strong support zone, making it a potential long opportunity if buyers step in to defend this level.
🔹 Trade Setup:
✅ Entry: Near 0.510 - 0.511 (Support Zone)
🎯 Profit Target (Blue Zone): 0.517 - 0.518
🛑 Stop-Loss (Yellow Zone): Below 0.509
🔹 Market Outlook:
📊 Bullish Bias – Price is reacting to a well-established support zone. A break above 0.512 could confirm upside momentum.
⚠️ Risk Management – If price drops below 0.509, this trade setup becomes invalid.
Guide for Execution:
✅ No Martingale Strategy: Maintaining same position sizing for risk control.
✅ Remove Untriggered Orders: If the profit target is hit before entry, the pending order will be removed.
Will this support hold and push NZD/CHF higher? Watching closely for confirmation. Let me know your thoughts! 👇
