farid_ardavani
Long

NZDCAD 1h long setup, cathing wave 3

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
57 0 3
it seems that wxy type of correction has been ended.
wave 1 had been finished, wave 2 was flat, and now we are going for wave 3
Comment: bigger picture:
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Comment: this is another possible scenario; just keep it in mind

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Comment: still the analysis is valid
Comment:
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Comment: as this structure developes and changes, i change my view on this pair.
it seems that price is making a triangle type of correction and there is another wave to downside and the structure will be WXYXZ . im waiting for a break out of the triangle to enter short.
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Comment: there is a very good trade setup here if you want to enter right now because of the bounce on the trend line
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Comment: at this point, i have no clue what is price doing..
we have to wait until we see a clear structure and reasonable trade set up
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