As a continuation to the idea from the Daily anticipated Harmonic move, I dropped to the H4 time frame to identify the best area to short this pair.
I have identified a clear support area which may act as resistance.
At the red area, I want to look for a bearish candle stick formation (Bearish Engulfing, Pin bar, etc) and look to short NZDCAD to the Green Area identified in the Daily Harmonic Setup.
If the trade moves as per our expectation, we can definitely add to the winning trade using rejections off 23 or 34EMA on M15 or M5 and keep adding to our trade until the target is hit to maximize our profit potential.
I have identified a clear support area which may act as resistance.
At the red area, I want to look for a bearish candle stick formation (Bearish Engulfing, Pin bar, etc) and look to short NZDCAD to the Green Area identified in the Daily Harmonic Setup.
If the trade moves as per our expectation, we can definitely add to the winning trade using rejections off 23 or 34EMA on M15 or M5 and keep adding to our trade until the target is hit to maximize our profit potential.
