NZDCHF - with Christmas around the corner and not much volume in the Asian session, NZDCHF has continued to trade in a consolidation channel. After rejection from the support level, the price has been supported by an ascending trendline.
Expecting the candle's closing at H4, above the current resistance level, confirms possible uptrend continuation and long setup.
The setup offers an R:R ratio of 1:3.
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