NZDCHF Sell
The price is in a downtrend on the 4-hour chart, retracing to the previous support level, which has now turned into resistance.
On the 15-minute chart, the price has created a range consolidation at the 4-hour support/resistance level and then broke downward from that range, followed by a retest.
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The target price is initially set at the next support level on the 4-hour chart.
The take-profit to stop-loss ratio is 3:1, and the take-profit level may be adjusted based on market dynamics
On the 15-minute chart, the price has created a range consolidation at the 4-hour support/resistance level and then broke downward from that range, followed by a retest.
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The target price is initially set at the next support level on the 4-hour chart.
The take-profit to stop-loss ratio is 3:1, and the take-profit level may be adjusted based on market dynamics
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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.