NZD/CHF Trade Setup: Long from Key Support
NZD/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! 👇
🔹 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! 👇
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.
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.