NZDCHF: Waiting for the uptrend to resume
In 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!
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!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.