NZDCHF - pennant flag
Still waiting for the breakout on NZDCHF.
NZDCHF has been in a strong uptrend in recent weeks. Therefore, I am looking to jump in on the trend using the continuation pattern as my chance to get involved.
The MACD and RVI have been very quiet, indicating that an explosive move may occur soon.
Before taking a long trade I will look for strong bullish 4h candles as a sign of support rejection and bullish confluence among indicators.
NZDCHF has been in a strong uptrend in recent weeks. Therefore, I am looking to jump in on the trend using the continuation pattern as my chance to get involved.
The MACD and RVI have been very quiet, indicating that an explosive move may occur soon.
Before taking a long trade I will look for strong bullish 4h candles as a sign of support rejection and bullish confluence among indicators.
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