NZDCHF: Potential 500 pips bullish move

29 de mar. de 2020

After hitting the low on 19th Mar, price make a strong Bullish impulse move towards the high of previous week before pulling back. It has since been making higher low throughout last week but resisted by the week high. Measuring from the low to the high of the triangle, we are seeing a potential 500 pips up move if the resistance(high of the last 2 weeks) are broken. Late Fri NY session sees a H4 bullish impulse(high volume) move. I will be looking for reaction at the impulse candle to go LONG targeting Feb high.


DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.

30 de mar. de 2020

Nota

There is no follow through with an up move even though we see another high volume up bar today(30th Mar), it might be a sign that market is topping out. This Bullish bias is not valid any more. Will be looking out for sign of weakness unless market push through higher. Then will be looking to buy pull back