MY TRADE SETUP SELLING AREA NZDCHF

Jul 5

Hello Friends
**NZDCHF SELL Trade Setup**

**Currency Pair:** NZD/CHF

**Trade Direction:** Sell (Short)

**Entry Point:** 0.55191

**Stop Loss:** 0.55272

**Take Profit:** 0.54257

**Technical Analysis:**


**Risk Management:**

1. **Position Sizing:**
- Ensure the position size is calculated based on your risk management rules, typically risking no more than 1-2% of your trading account on a single trade.

2. **Trade Management:**
- Monitor the trade closely for any signs of reversal or unexpected market movements.
- Adjust the stop loss to break even once the trade has moved in your favor by a certain amount (e.g., 50% of the take profit target).

**Conclusion:**

The NZD/CHF pair shows a strong bearish setup based on both technical and fundamental analysis. Entry at 0.55191 with a stop loss at 0.55272 and a take profit target at 0.54257 offers a favorable risk-reward ratio. As always, ensure to follow your trading plan and risk management rules.

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Feel free to adjust the specifics according to your analysis and strategy!