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francesgurton

NZDCHF - pennant flag

Long
New Zealand Dollar/Swiss Franc (FX:NZDCHF)  
francesgurton  
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Chart Patterns Technical Indicators NZD chf NZDCHF pennantflag continuationpatterns breakout trendfollowing trendtrading Bullish Patterns
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trendanalysis chartpattern indicator nzd chf nzdchf pennantflag continuationpatterns breakout trendfollowing trendtrading bullish
Still waiting for the breakout on NZDCHF.

NZDCHF has been in a strong uptrend in recent weeks. Therefore, I am looking to jump in on the trend using the continuation pattern as my chance to get involved.

The MACD and RVI have been very quiet, indicating that an explosive move may occur soon.

Before taking a long trade I will look for strong bullish 4h candles as a sign of support rejection and bullish confluence among indicators.
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