NZDCHF Bear
Bias Bearish
Fundamental Analysis
NZD is bearish data. CHF is holding strong on bullish data.
Price Action:
Price rejected from daily resistance level and broken the bullish trendline & H4 support level. Price is now consolidating below the H4 SR level. Align with fundamental, bearish momentum is likely to continue.
Set up:
Sell Stop setup below the consolidation.
SL above swing high.
TP lowest Swing low level
R:R 1:4
Fundamental Analysis
NZD is bearish data. CHF is holding strong on bullish data.
Price Action:
Price rejected from daily resistance level and broken the bullish trendline & H4 support level. Price is now consolidating below the H4 SR level. Align with fundamental, bearish momentum is likely to continue.
Set up:
Sell Stop setup below the consolidation.
SL above swing high.
TP lowest Swing low level
R:R 1:4
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