NZDCHF Buy bias
Confluences
- Price broken impulsively to the upside out of a daily pennant formation
- We began to form an ascending triangle shown most clearly on the 4hour timeframe and within this triangle we formed a rising wedge
- At the top of this rising wedge we saw price slow down in momentum with big wicks to the upside on the daily timeframe and also a triple top on the 1hour timeframe
- We would have expected to see price reverse from this point however we saw another impulsive move to the upside from buying momentum giving us a buy bias
- Price broken impulsively to the upside out of a daily pennant formation
- We began to form an ascending triangle shown most clearly on the 4hour timeframe and within this triangle we formed a rising wedge
- At the top of this rising wedge we saw price slow down in momentum with big wicks to the upside on the daily timeframe and also a triple top on the 1hour timeframe
- We would have expected to see price reverse from this point however we saw another impulsive move to the upside from buying momentum giving us a buy bias
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.