FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Hey traders! Have a potential bearish Gartley pattern completing @ 0.92190. Price action has put up a new structure low followed by the recent lower low. XAB and C rules criteria's are met now expecting for the D wave completion. Price action trading below the 89,144 Ema . We see a structure support which became resistance, Notice the X leg of the potential bearish Gartley pattern has been test, so it might create a double top and hit to the targets. We also see a trend-line which acted as resistance so we have a good chance of getting our targets off. Stops given above X ( the RED line) Targets are 38.2 and 61.8.
Unfortunately I cannot trade / cannot find this pair through / on Plus500. Do you know why?
morshedul.sazid BogdanBratu
Please check with your broker that does it allow you to trade NZDCAD or not :)
+1 Reply
Nice Analysis. i like the way you look at the market.
+1 Reply
YemiTrader morshedul.sazid
U're welcome. Just out of curiosity, how many pairs do you have in your portfolio?
20 pairs :)
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