Hello Everyone, I did a long term analysis on NZDCAD. clearly its doing a big WXYZ pattern and its composed of multiple smaller ABC's. to be able to trade this WXYZ pattern is risky because its a big consolidation. best option would be to trade the smaller patterns that form within. market is finishing up the C leg and may form a flag or a type of TCP that may be taken to the bottom but for now, wait for it to form first.
What Pair would you like an analysis of? drop a comment and dont forget to show some support :)
What Pair would you like an analysis of? drop a comment and dont forget to show some support :)
Comment:
market is still in a correction. good oportunity to trade harmonics in this consilidating market. just make sure the to havee a strategy for it
Comment:
market pattern following the flag channel. few more days for it to fully form
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NZDCAD is approaching interesting levels. Watch price and my post for updates
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Price played nicely..
David K Giraldo