Hi everyone, as you see NZDCHF is forming 4h flag correction, and it looks like third leg has just finnished as it start making some price action on 1h.. I will be watching for strong breakout of that price action, i expect there realy nice move to the upside!
Note
Wait for strong breakout, if price will break down belowe that impulse then this price action will be invalidated, and we will be searching for new price action. But i think that this one can push price up
Trade active
Price made breakout, now i want to see break of that trend line, retest and then i will add more buys
Note
Trendline is holding price, so it looks like we will get new lower low first.. Anyway im still holding my buy on breakeven
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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.