Monitoring NZDCHF for a reaction at this key zone.
We are approaching a confluence area with:
• Retest of ascending daily trendline support
• Structure support on the 1H timeframe
• Price hovering around the EMAs, potential rejection forming
🟢 Bullish Bias: If price holds above 0.4870–0.4880 and breaks 0.4913, I expect continuation towards 0.4934.
🔻 Bearish Scenario: Clean break and close below 0.4870 could signal a shift in momentum with targets at 0.4831 and below.
📅 Trend still bullish on the daily, so watching for signs of exhaustion or continuation here.
Let me know your thoughts — are you team bull or team bear?
We are approaching a confluence area with:
• Retest of ascending daily trendline support
• Structure support on the 1H timeframe
• Price hovering around the EMAs, potential rejection forming
🟢 Bullish Bias: If price holds above 0.4870–0.4880 and breaks 0.4913, I expect continuation towards 0.4934.
🔻 Bearish Scenario: Clean break and close below 0.4870 could signal a shift in momentum with targets at 0.4831 and below.
📅 Trend still bullish on the daily, so watching for signs of exhaustion or continuation here.
Let me know your thoughts — are you team bull or team bear?
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.