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NZD/CHF Potential Bullish Reversal Setup NZD/CHF Potential Bullish Reversal Setup 🔄📈 📊 Chart Analysis: The chart shows a potential bullish reversal for NZD/CHF, supported by technical patterns and key levels: 🧠 Key Technical Highlights: 🔹 Double Bottom Formation (🟠 Circles) A clear double bottom pattern can be seen around the 0.48300 support zone, signaling potential reversal from the downtrend. 🔹 Strong Support Zone 📉 Price bounced from a historically respected support zone (~0.48200–0.48400), which held several times in the past (marked with green arrows). 🔹 Downtrend Breakout 🔺 A short-term bearish channel has been broken to the upside, indicating potential bullish pressure. 🔹 Target Zone 🎯 Immediate bullish target is around 0.49265, aligning with previous resistance. 🔹 Resistance Area (🔵 Boxes) Next significant resistance lies at 0.49400–0.49800, which may act as the next hurdle if price breaks the 0.49265 level. ✅ Conclusion: As long as price holds above 0.48400, bulls may aim for the 0.49265 🎯 target. A breakout above that level can open the path to higher resistances. 📌 Bullish Bias maintained above support zone — monitor for volume confirmation and retest strength.
Long
by MrStellanSight
NZD/USD 4HChart Analysis:Bullish Reversal Setup from Demand Zone📈 Price: 0.59552 📊 EMA 70: 0.59410 (🟤 Brown Line) Chart Zones & Key Levels 🔷 Resistance Zone: 🔼 Around 0.60298 – 0.60304 🔹 Price reacted strongly here (🔽 white arrows) 🔹 Acts as a ceiling for now 🟢 Demand Zone: 🔽 Around 0.58800 ✅ Buyers stepped in here before 📉 If price drops again, might bounce from here 🟥 STOP LOSS: ❗ 0.58793 🔸 Protects from deeper losses if trend breaks down. TRADE IDEA 1️⃣ Entry Idea: Wait for a pullback into the Demand Zone 📉⬇️ 2️⃣ Bullish Reversal Expected: ⬆️ Bounce toward Target Zone 🎯 Target Point: 0.60300 🟦 Profit zone marked in blue 💸 Good Risk/Reward ratio. Indicators & Pattern 📐 Wedge Pattern: 🔹 Bullish breakout potential 🔹 Currently respecting the channel 📉 EMA Crossover Area: 🔸 Could act as dynamic support/resistance 🟤 Price hovering around EMA (0.59410) Summary: ✅ Buy Setup if price holds above 0.58800 🎯 Target: 0.60300 🛑 Stop Loss: 0.58793 ⚠️ Watch the price reaction at the Demand Zone for confirmation!
Long
by Jameshead007
NZD/USD 15-Min Chart – Bullish Setup from RBS + RBR Zone🟦 Key Support Zone This blue area is a strong RBS (Resistance Becomes Support) + RBR (Resistance Becomes Resistance) zone. Price bounced here before, confirming its strength. 2. Entry Point 🔵 Buy Entry: 0.58912 This is where you expect the price to bounce again within the support zone. 3. Stop Loss 🔻 Stop Loss: 0.58776 Placed just below the support zone to manage risk if the setup fails. 4. Target Point 🎯 Take Profit: 0.59500 You’re aiming for this level, expecting a bullish continuation. 5. Price Projection Path 🟠 Orange arrows show the expected price movement: Pullback to the support zone Bounce upward toward the target 6. Trendline Support 📈 Upward diagonal blue line – supports bullish momentum 7. EMA (7-period) ⚫ Black EMA line showing short-term trend – currently above price, slight retrace
Long
by Jameshead007