FullTimeTrader
Long

NZDCAD-boucing at support

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
264 3 10
Looking at W1 chart this pair is making a strong correction after a EW cycle completion.
snapshot


Other confluence signals on D1 chart

- Ema 200 acting as support
- Fib overlapping
- pinbar
- cypher completion?

I expect a correction at this level, at least to the 0.61 fib retracement

Important: i published some CAD related pairs setups, just take one at a time, do not expose your account due to correlation.


Best regards.
Looks good. Weak cad plays are bound to work.
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FullTimeTrader IvanLabrie
Yes, the oil is bouncing from a strong resistance and the CAD is overbought (currency strenght analisis). Tomorrow BOC Gov Poloz Speaks, this could help also.
Reply
IvanLabrie PRO FullTimeTrader
Exactly, vital to perform that sort of readings.
Great insights as usual.
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