Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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NZDCHF, APPROUCHING A STRONG SUPPORT AND DEMAND ZONE!
So, what's next!
As we can see price still overall bearish from a short-term perspective trading inside this channel,
Since we are approaching a strong support and demand zone, we are interested in bullish reversal.
And for the bulls to kick in we need a break above the last major high marked in the chart, then a movement higher would be expected.
1-2 Risk to reward ratio from a risk management perspective.
Until that price can still dive more inside our zone before reversal.
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and as usual follow your trading plan and manage your risk.
Be patient and good luck!