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jojofang0901
May 3, 2018 10:53 PM

My Favourite Setup on NZDCAD Long

NEW ZEALAND DOLLAR / CANADIAN DOLLARICE

Description

Hi everyone:

Here on NZDCAD, I have one of my usual setup for a trade to the upside.
On the 1 hr time frame, price break to the top, forming new high, now waiting for a higher low to develop of a flag to take it to the upside.

Good target for 0.382 pullbacks of the 4 hrs time frame.

On the daily time frame, good rejection of the support zone of 0.9050-0.9000 ,and pullbacked to 0.618.

Thank you

Comment

Daily time frame:

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Comments
Aqua_Trader
agree!..same bias
ernstschwarz
this setup did not work the last 3 times (around the 19th and 23rd and 27th...)
ZenMasterFX
don't fight the trend my friend @ernstschwarz,
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