NZD/CHF SELL SETUP !!!
Basically when you look at price action we see price is consolidation on the Daily timeframe support level, Despite weakness on volume , structure in lower timeframe like H4 and H1 stills show market structure to downside.
So basically we have two areas for look for a rejection one @ the 31.8% fib level which is in confluence with previous support now resistance
Rejection two @ 61.8% fib level which is potential maximum point to grab liquidity to break down the daily support
Nice risk to reward
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So basically we have two areas for look for a rejection one @ the 31.8% fib level which is in confluence with previous support now resistance
Rejection two @ 61.8% fib level which is potential maximum point to grab liquidity to break down the daily support
Nice risk to reward
Follow me for more breakdowns like this
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