NZDCHF Sell Idea
D1 - Triple cycle down completed, price is currently trading at the 50% correction of the previous down move which is a strong resistance zone.
H4 - We have a magnet zone based on the 50% fibo retrace zone of the daily triple cycle and the top of the bullish channel.
Price has reached the magnet zone, we may now look for evidences of bearish pressure and then start looking for sells until price reaches the bottom of this channel.
If the price breaks below the bottom of this channel then we may look for further continuation.
Invalidation: If the price breaks and holds above the magnet zone then this setup is invalidated (false breaks can be neglected).
H4 - We have a magnet zone based on the 50% fibo retrace zone of the daily triple cycle and the top of the bullish channel.
Price has reached the magnet zone, we may now look for evidences of bearish pressure and then start looking for sells until price reaches the bottom of this channel.
If the price breaks below the bottom of this channel then we may look for further continuation.
Invalidation: If the price breaks and holds above the magnet zone then this setup is invalidated (false breaks can be neglected).
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