Hi,
My idea on NZD/CHF:
Daily: Uptrend with a decent pullback to the recent support. Stopped exatcly where the support is. We can see a buying pressure as well.
From the H4/H1 perspective the situation looks similar. Slow pull back to the recent H4 breach and few green candles popped up. Now, I wanna see a slow pullback or holding around the
purple line since the first try was rejeceted by a strong exhaustion candle leaving a big tail, making me think the sell is still on and this strong breach could be a faker.
Let's see how it goes.
My idea on NZD/CHF:
Daily: Uptrend with a decent pullback to the recent support. Stopped exatcly where the support is. We can see a buying pressure as well.
From the H4/H1 perspective the situation looks similar. Slow pull back to the recent H4 breach and few green candles popped up. Now, I wanna see a slow pullback or holding around the
purple line since the first try was rejeceted by a strong exhaustion candle leaving a big tail, making me think the sell is still on and this strong breach could be a faker.
Let's see how it goes.
Note
Note
The breach was fake. I will be patient for this one. Furthermore, we have CPI news later on.Note
Thanks god I waited.Order cancelled
I was considering an entry but those news changed the story
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.