On NZDCAD pair market ended Elliott correction pattern ABC. That was made on price level at Fibonacci 50% retracement and possibly strong support zone near price ~0.865. Now support zone have been tested and price is going long to possible magnetic resistance zones.
My trading plan:
1. My first trade is allready executed (pending order - I'm too slow in writing my analysis :)
2. Small zone at price 0.875 and Fibonacci 38.6% retracement could be the entrance for the second trade long. Will be looking at all signals at that zone (for possible reversal and take profit, or continuation).
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, thas why it is posible to loose all of your capital in very short period of time.
My trading plan:
1. My first trade is allready executed (pending order - I'm too slow in writing my analysis :)
2. Small zone at price 0.875 and Fibonacci 38.6% retracement could be the entrance for the second trade long. Will be looking at all signals at that zone (for possible reversal and take profit, or continuation).
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, thas why it is posible to loose all of your capital in very short period of time.