NZDCHF – RSI Divergence + ABCD Reversal Setup

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NZDCHF – RSI Divergence + ABCD Reversal SetupNew Zealand Dollar/Swiss FrancFX:NZDCHFByteSignalsPrice has formed a clear ABCD pattern, where the market completed the C leg near support after a corrective pullback. This area aligns with previous demand, increasing the probability of a short-term reversal. At the same time, RSI is showing bullish divergence — price made a lower low while RSI formed a higher low. This signals weakening bearish momentum and suggests sellers are losing control. 🔹 Trade Plan 📍 Entry: Around current price near point C (support zone) 🛑 Stop Loss: Below the recent swing low 🎯 Targets: TP1: 0.4655 (previous structure resistance) TP2: 0.4745 (ABCD projection / resistance zone) 📌 Summary: As long as price holds above support, this setup favors a corrective bullish move driven by RSI divergence and ABCD completion. A breakdown below the stop level would invalidate the setup. ⚠️ Always manage risk and wait for confirmation. #RSIDivergence #ABCDPattern #ForexTrading #NZDCHF #TechnicalAnalysis #TradeSetup