FX:NZDCAD New Zealand Dollar/Canadian Dollar
Up trend prior to form Head and Shoulder. Tested the neckline (Resistance) for the fourth time. Index divergence. Entry: With good price action . TP: 0.90, SL: 0.97. Trade invalid if breakout with high . Last week was a movement without support. 459K compared with 743K (The week before). A nice fibo ratio if you calculate (Just pure coincidence). According to Bill William theory, Blue bar - Market Facilitation Index indicator is up, is down. The movement is continuing although the has dropped. The trend will soon be reversing.