NZD.CAD - Long Opportunity Long

New Zealand Dollar/Canadian DollarFXCM

Description

⋅ Apr 1, 2017 9:10 AM

My basic Weekly, Daily and 4hr chart analysis on the NZD.CAD into next week.

Weekly:

1. Weekly EMA support
2. Bullish RSI divergence
3. Price found support at .9300 psychological level

Daily:

1. Perfect low-test candle formed on the 31.03.2017
2. Bullish RSI divergence
3. Target can be placed below the Daily EMA and previous resistance level

Additional:

1. For our entry to be triggered price must breakout of the consolidation period
2. 4hr & 1hr Bullish RSI divergence
3. Price finding support on Monthly trendline

Comment

⋅ Apr 3, 2017 9:30 PM

Prime example of a perfect trade but didn't meet my rules for entry.
I will be keeping an eye on this pair.

Comment

⋅ Apr 4, 2017 8:50 PM

We have now seen a nice consolidation period on the 4hr TF, potential long opportunity in the coming days.

Comments

Jknipe

⋅ Apr 1, 2017 12:28 PM

Thanks Tom, appreciate it.

UnknownUnicorn180388

⋅ Apr 1, 2017 1:01 PM

@Jknipe, No problem at all.

Molatela

⋅ Apr 1, 2017 10:33 AM

Thanks a lot for sharing,I will keep an eye on it

UnknownUnicorn180388

⋅ Apr 1, 2017 10:41 AM

@Molatela, My pleasure, have a great weekend.

jatinder221

⋅ Apr 2, 2017 1:52 PM

for short time trading ...less than a day...no point weekly....just daily is enough....with MACD/ or RSI...and then 5-13 EMA.....good trading opprtunity....goodluck

UnknownUnicorn180388

⋅ Apr 2, 2017 4:02 PM

@jatinder221, I hope it all goes well for you.

jatinder221

⋅ Apr 2, 2017 1:51 PM

whats the red line...what EMA ??????
i suggest for short term...look at Daily....then 4 hr...and then look to trade in either 1hr/15 mts chart...continuous +pips in every 2 to 6 hours time....try it...goodluck.

Jknipe

⋅ Apr 1, 2017 12:30 PM

Can ypu perhaps tell me howmany periods for the daily ema?

UnknownUnicorn180388

⋅ Apr 1, 2017 1:01 PM

@Jknipe, It's the 50

Jknipe

⋅ Apr 1, 2017 1:29 PM

@tomhall, thanks alot