NZDCHF Long Setup: Buy Entry Near 0.5446/42 on 4-Hour ChartOn the monthly timeframe, last month's price action formed an inside bar, indicating consolidation without a clear bias, although the preceding month closed strongly bullish.
The weekly chart also shows an inside bar with a slight rejection from the bottom, but overall, there's no strong directional bias.
Daily price action reveals two consecutive ranging bars, suggesting opportunities to consider long positions from support levels or short positions from resistance.
On the 4-hour chart, I'm more inclined to go long from the identified support level.
Buy Entry : I plan to enter a long position around 0.5446/42 .
Stop Loss : I will set the stop loss below 0.5436 to manage risk effectively.
Take Profit : The target profit will be around 0.54813 .
