NZDCHF Simple Buy Plan

5 Jul 2021

Hi everyone:

Looking at NZDCHF here for the potential bullish up move.

We can see after the strong impulse phase from the market, price naturally fall into a different correction structure.

As long as price remain within the consolidation phase, we can expect a correction complete and look for the next bullish impulse phase.

On the latest price action, a lower time frame descending channel, follow by a bullish breakout is a good development of a potential up move.

For confirmation entry, either price will need to breakout completely, and form lower time frame continuation correction for the buy
or
price may have a false breakout, then watch for short term corrective move downside, and look for bullish reversal at the bottom of the higher time frame structure.

thank you