Bullish pennant forming on NZDCHF.
NZDCHF has been in a bullish trend for a few weeks.
I am looking to hop on this trend following a breakout and retest of resistance of the pennant.
For additional confirmation of continued bullish movement, I will look for confluence among the indicators too.
Bullish pennant forming on AUDCHF.
Looking for a price to break above resistance of the pennant before seeing a restest of resistance and then continued bullish movement.
AUDCHF has been in an uptrend for a number of weeks, so I am looking to join in on this trend rather than going against it.
I will look for confluence with the indicators to increase the...
A bullish pennant has started to form after a significant bullish move in price. This bullish pennant is showing the strength that is needed from the price to break this very strong resistance level, there is a very high chance that the price would make substantial gains in an upward direction once it breaks out the bullish pennant and the resistance zone.