SimonVerlinde

NZDCHF LONG

Long
OANDA:NZDCHF   NZD/CHF
Weekly:
- Bullish candle close
-Bullish M is still active

*Bearish MS
*Rejected of the previous high with rejection
*No clear selling region against us

Daily:
- Bullish
- Bullish M/ Inv H&S
- IC as S&D zone
- Clear buying region in the past
- We move corrective to our S&D zone

4H:
- Bearish
- 5 leg -27 FC (Bearish W needs to be completed)
- 4H Reverse point based on first structure 4H
- SL based under lowest wick s1 structure
Comment:
Update Entry criteria:

- Daily Inv H&S is respected with Daily bullish candle close
- 4H Double bottom + Bullish M with a lot of room untill first structure
- 2H: Clear view of sort of Inv H&S also

Comment:
Entry updates: Deceleration entry

W/
- Bullish candle close (+)
- Bullish M in the relief phase (+)
- Bearish driver (-)
- Previous high was touched and sellers could get activated (-)

D/
- Bullish
- Inv H&S
- Clear 3 leg -68 FC on Daily TF

4H/
- Bearish
- Deceleration 1 formed at S1 region Inv H&S + Fib c regio
- Position closed due to FOMC
- Bullish M became invalid due to 4H -27 TP reaching first before hitting entry

*Sellers are to strong that kicked in form het weekly previous high BUT the bullish liquidity was found!


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