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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.