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NZDCHF: Waiting for the uptrend to resumeIn this pair we see a clear uptrend, and a pullback to support. The price is over the weekly pivot, I drew two Tom Demark trendlines showing where I expect it to break. A safer bet long would be on the breach of the daily pivot with a stop below even handle support at 0.7700. Daily currency relative strength shows USD and NZD on top, with JPY closely following them. Weakest currencies are from bottom to top: AUD, CHF, EUR and CAD. Best setups will occur taking entries from 4h in the most imbalanced pairs. I'll add more info in the comments when I open a position in this pair and every time I scale in. Hope everyone has a great week, and a great year!
Long
by IvanLabrie
2