TradingView
VasilyTrader
Nov 19, 2019 4:23 PM

NZDCAD: Trend Shift Long

New Zealand Dollar/Canadian DollarFXCM

Description



hey traders,

It looks like NZDCAD is finally going to reverse.
from summer the market started to slow down
and with the formation of the higher low, I think that the sentiment is steadily changing from bearish to bullish on this currency pair.

one thing that we need is the bullish break and close above the neckline - 0.85 level.

then we are free to buy the pair expecting bullish continuation to 0.86/0.87 level.
Comments
pezza82
It seems it has found support now at 0.852, I am waiting for a retest of 0.851 area and see where it goes
VasilyTrader
@pezza82, ok good!
follow your plan and don't let your emotions do the job!)
loutchy
What happened with CAD? Why it's so weak all of sudden? I can't see nothing on the news.
VasilyTrader
@loutchy, head and shoulders pattern bro ahah
loutchy
hi there! it might go down again a bit and then up.
VasilyTrader
@loutchy, yes yes! it is possible!
I agree
VasilyTrader
Share your thoughts on NZDCAD here!
More