NZDCHF: Bearish Continuation Setup from Resistance Zone

1月14日

The NZDCHF pair is trading within a well-defined descending channel, reflecting a bearish market structure. The price is approaching a key resistance zone which aligns with the channel's upper boundary.
If the price confirms rejection at this supply zone, I anticipate a bearish move targeting the 0.50441 level, which represents a logical target for this setup.

This setup suggests a continuation of the bearish trend within the current channel. Traders should watch for confirmation, such as bearish engulfing candles or long upper wicks, before considering short positions.

1月14日

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