New Zealand Dollar/Swiss Franc
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NZDCHF Buy bias

104
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

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