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.
IvanLabrie
2 years ago
Looks good. Weak cad plays are bound to work.
Reply
FullTimeTrader IvanLabrie
2 years ago
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 FullTimeTrader
2 years ago
Exactly, vital to perform that sort of readings.
Great insights as usual.
Reply
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