Hi traders:
Also keeping an eye on NZDCHF bullish price action development.
We can see from the higher time frame,
price has a strong bullish impulse phase up, and falls into a larger, continuation flag structure.
Within the larger structure, there are many corrections that moves up and down to form into this current large structure that the price is in.
Latest development shows a strong lower time frame impulse up, and possible forming into a smaller continuation correction.
Wait for price to impulse out of the smaller correction, follow by continuation correction as the confirmation for entry,
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.