NZDCHF is currently around 0.4748, while my ideal sell location sits closer to 0.4760.
That difference matters.
I don't want to chase price just because I have a bearish bias.
Good direction + bad entry can still equal a bad trade.
NZDCHF TRADE IDEA 📉
Sell: 0.47605
Stop Loss: 0.47710
Take Profit: 0.47085
That's approximately 10.5 pips risk for 52 pips potential reward, giving close to a 1:5 R:R.
I'll still want price to respect the POI before committing to the idea.
Structure first, entry second.
NZDCHF previously delivered a bearish BOS, establishing the downside narrative I'm working with.
Now price is retracing toward the origin of the previous bearish move.
If supply holds, I'll be watching for another bearish expansion.
Yes, NZDCHF is currently moving higher aggressively.
But I'm looking at where that move is heading.
It's pushing toward a supply area with a strong high sitting above it.
That's where things become interesting.
My ideal sequence:
Retracement higher → 0.47605 POI → bearish reaction/confirmation → expansion lower → 0.47085 weak low.
If price invalidates the supply and continues through 0.47710, I'll reassess rather than fight the market.
Don't chase bearish expansion. Wait for price to reprice into premium.
For NZDCHF:
Entry: 0.47605
SL: 0.47710
TP: 0.47085
The setup is there. Now the job is simply to wait for the market to come to my price.
I didn't get stopped out
Price is close to my reference level still watching for reactions CPI came out as predicted no significant changes
Yeah
But I'm bullish
I will wait for price to reclaim 1.6143 to think of buying but for now am taking that sells to the demand if only there will be a reversal
The demand is already tapped
I got stopped out due to wrong positioning of SL I entered again from that level
I really doubt the sells will hold
