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DylanMorgan

NZDCAD Weekly: Bullish Bias

Long
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
DylanMorgan Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Wave Analysis wavetrading wavetheory patterntrading patterns NZD CAD impulses corrections
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waveanalysis wavetrading wavetheory patterntrading patterns nzd cad impulses corrections
Price has found itself at the bottom of the bigger pattern and I am expecting a breakup out of the falling wedge. Look to go long soon. Good luck
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Daily View
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Price is behaving just as expected. Before entering long look for a continuation pattern to form.
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Price has broken up aggressively and is forming a corrective pattern which we are seeing right now. This is not the definite pattern that will form. Watch price and draw the correct pattern as it forms.
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After a much needed pullback it looks like price is finally ready to continue its way back to the upside. The pair has pulled back to the 61.8 fib retracement and has formed an impulse followed by a continuation pattern revealing that price will most likely reverse from this point. If we see that price continues to rise aggressively then our prediction will be correct. Good luck trading everyone.
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