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.
Comment:
Comment:
The breach was fake. I will be patient for this one. Furthermore, we have CPI news later on.
Comment:
Thanks god I waited.
Order cancelled:
I was considering an entry but those news changed the story