BUY SET UP NZD/CAD.
I BELIEVE WE COULD BE LOOKING AT A NICE SWING TRADE:
-FIRST OF ALL WE HAVE BEEN BEARISH FOR 5 MONTHS.
SO WE NEED TO MAKE A CORRECTION.
-SECOND IF WE START ON OUR MONTHLY CHART WE CAN SEE A TREND, AND WHERE PRICE IS SITTING NOW WOULD BE THE THIRD TOUCH WICH IS ALWAYS OUR BIGGER MOVE.
- THIRD WE HAVE ALSO A INVERSE HEAD AND SHOULDERS CREATING ON THE MONTHLY.
IN MY OPINION WE COULD FIRST GO A LITTLE LOWER CREATING A FAKE OUT FOR AROUND 40-50 PIPS.
WE HAVE ALSO NEWS COMING FOR CAD THAT SOULD BE BEARISH FOR CANADIAN PAIRS, WICH COULD HELP THIS PAIR PUSH UP.
I MADE TWO SETUPS FOR THOSE WHO LIKE TO HOLD THE TRADES, THE FIRST TAKE PROFIT AREA IS OUR BLUE ZONE.
SO LETS SEE WHAT HAPPENS.
ALWAYS USE GOOD RISKMANAGEMENT!
I BELIEVE WE COULD BE LOOKING AT A NICE SWING TRADE:
-FIRST OF ALL WE HAVE BEEN BEARISH FOR 5 MONTHS.
SO WE NEED TO MAKE A CORRECTION.
-SECOND IF WE START ON OUR MONTHLY CHART WE CAN SEE A TREND, AND WHERE PRICE IS SITTING NOW WOULD BE THE THIRD TOUCH WICH IS ALWAYS OUR BIGGER MOVE.
- THIRD WE HAVE ALSO A INVERSE HEAD AND SHOULDERS CREATING ON THE MONTHLY.
IN MY OPINION WE COULD FIRST GO A LITTLE LOWER CREATING A FAKE OUT FOR AROUND 40-50 PIPS.
WE HAVE ALSO NEWS COMING FOR CAD THAT SOULD BE BEARISH FOR CANADIAN PAIRS, WICH COULD HELP THIS PAIR PUSH UP.
I MADE TWO SETUPS FOR THOSE WHO LIKE TO HOLD THE TRADES, THE FIRST TAKE PROFIT AREA IS OUR BLUE ZONE.
SO LETS SEE WHAT HAPPENS.
ALWAYS USE GOOD RISKMANAGEMENT!